A former senior trader at Deutsche Bank should be required to put up £1m in bail ahead of his trial for rigging interest rates, a court heard on Monday.
Christian Bittar appeared in Westminster magistrates court alongside five of eleven individuals being charged with conspiracy to defraud the benchmark Euribor rate between 2005 and 2009.
Bittar, being represented by Alex Cameron, the brother of prime minster David Cameron, spoke to confirm his name and address in Singapore. He gave his date of birth as 12 January 1972.
Other former colleagues from Deutsche - Andreas Hauschild, Jörg Vogt, Kai-Uwe Kappauf and Ardalan Gharagozlou - did not attend the hearing in the packed courtroom.
Achim Kraemer, a resident of Germany, attended the court.
The former Barclays employees, Colin Bermingham, Carlo Palombo, Philippe Moryoussef and Sisse Bohart - the only woman facing charges – all attended. Bermingham is the only UK resident, with the court told he had a Suffolk address. Bohart gave an address in Denmark, Moryoussef in Singapore and Palombo in California, the US.
A former employee of Société Générale, Stephane Esper, did not attend.
The hearing is ongoing. The prosecution is asking for financial bail conditions to be imposed on those who attended – apart from Bermingham, who is being asked to report weekly to Leyston police station – and for the case to be transferred to Southwark crown court.
The six who attended the court spoke only to confirm their names, date of births and addresses.
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