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Report: Head of foreign bank's unit in London arrested over suspicion of bribery

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Report: Head of foreign bank's unit in London arrested over suspicion of bribery

The head of an unnamed foreign bank's unit in London has been arrested after a bribery probe conducted by the U.K.'s National Crime Agency, or NCA, Bloomberg News reported Sept. 3, citing the NCA's deputy director Nigel Kirby.

The bank's customer relations manager has also been arrested.

The case has been referred to the prosecution services after a seven-month investigation, Kirby said in his speech on white-collar crime at a conference in Cambridge, U.K. However, he did not disclose the identities of the lender or the bankers, the Sept. 3 report added.

There are approximately 200 foreign lenders operating in London, as listed by the Association of Foreign Banks.

Kirby added that the NCA is pushing for new enforcement tools and said there would be more convictions for economic crimes, according to Bloomberg.