Standard Bank in talks with CompCom SA in rand-rigging probe

South Africa's Standard Bank said on Thursday it was engaging with the Competition Commission about an investigation into alleged rigging of rand currency trading and had not suspended any employees to date.

February 23, 2017 / 19:20 IST

South Africa's Standard Bank said on Thursday it was engaging with the Competition Commission about an investigation into alleged rigging of rand currency trading and had not suspended any employees to date.

"Pending the outcome of these engagements and in the light of these historic allegations only having been brought to Standard Bank's attention on 15 February, no suspension of current employees of Standard Bank has taken place," the firm said in a statement.

first published: Feb 23, 2017 03:50 pm

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