UK Fraud Office Probes Central Bank Auctions

March 4, 2015 9:47 PM

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Britain's Serious Fraud Office says it is investigating Bank of England auctions in 2007 and 2008 that were designed to inject cash into the banking system during the financial crisis.

The announcement late Wednesday came as Britain's central bank confirmed that it commissioned its own inquiry into the auctions last year. The bank says the results of that probe were referred to the Serious Fraud Office.

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