​Top US criminal prosecutor to leave Justice Department

February 27, 2014 - 12:00:00 am
WASHINGTON: Mythili Raman, the top criminal prosecutor at the US Department of Justice, is planning to leave the agency next month, wrapping up a year overseeing high-profile investigations into global market manipulation.

Raman said in an interview this week that the agency has made great strides in holding individuals accountable for corporate misdeeds. She said she is hopeful more traders will face trial in the United States for their roles in international benchmark-rigging schemes.

The 17-year Justice Department veteran served for a year as the acting chief after her predecessor, Lanny Breuer, left the agency last year. 

“We have a lot to be proud of,” Raman said, referring the department’s probe into the manipulation of foreign exchange rates and a related investigation into the manipulation of the London Interbank Offered Rate (Libor) interest rate benchmark that led to charges against six people in the past year.

She said she is hopeful that the Libor defendants, currently all overseas, will see the inside of a US courtroom.

She said her division has worked to improve relationships with foreign counterparts conducting related investigations, a move that could ease the way for the defendants to be extradited to the United States.

Raman said she has not yet decided what her next career move will be but that she anticipates returning to the agency down the line. Most of her predecessors have gone to private practice, where they defend white-collar criminal cases.