The Serious Fraud Office has made three arrests as part of its investigation into the manipulation of the interbank lending rate, Libor.
Its statement read: "Today the Serious Fraud Office (SFO), with the assistance of the City of London Police, executed search warrants at three residential premises in Surrey and Essex.
Three men, aged 33, 41 and 47, have been arrested and taken to a London police station for interview in connection with the investigation into the manipulation of Libor."
It concluded: "The men are all British nationals currently living in the United Kingdom."
The SFO's criminal inquiry began in July when it decided existing legislation gave it the scope to bring potential prosecutions.
While the identities of those arrested and their employers are not known at this stage, it is understood that the SFO's inquiry has been wide-ranging and not limited to Barclays - the only UK bank so far to have been fined in connection with the scandal.
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