New York March-15 – A judge in USA rubbished allegations of currency rigging against 16 banks as baseless. The claim was made by some retail currency investors who believed that their business was affected by the fraudulent activities of those banks.Lorna Schofield ,the District judge gave the verdict in favour of the banks and said the investors could not show any proof to substantiate their claims against the banks. She made it clear that those banks were illegally dragged into this controversy.
However the lawyer of the petitioners were unavailable to comment on this issue. According to the media sources 15 out of 16 banks have already settled those financial issues