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FEB 28, 2013 - Yahoo! News

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UBS sued by two traders fired in Singapore over rate scandal

SINGAPORE (Reuters) - Two former UBS AG traders in Singapore are suing the bank for wrongful dismissal, saying the bank fired them to lessen its role in the alleged manipulation of reference rates used to price currency derivatives known as non-deliverable forwards. In separate lawsuits filed at Singapore's High Court on Wednesday, Mukesh Kumar Chhaganlal and Prashan Parmeshwar Sunny Miripuri said UBS never gave them full details of what they were alleged to have done wrong. UBS declined to comment. UBS was fined $1. ...

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