Canada's Competition Bureau continues to probe a mushrooming international scandal that has already ensnared a venerable British bank and forced the resignation of its chief executive.
Documents filed in an Ontario court suggest the bureau is investigating a possible Canadian link to the scandal that's rocking the world of global banking: financial skullduggery involving the manipulation of a key international interest rate known as the LIBOR rate.
One of the named parties — the Canadian branch of the Royal Bank of Scotland — has filed a court challenge on the grounds the bureau's actions are unconstitutional and well beyond the scope of its mandate. But the investigation hasn't stopped, said bureau spokeswoman Gabrielle Tasse.
"I cannot speak to the investigation because we have to conduct our work privately, but our investigation is ongoing," Tasse said.
Read more: Competition Bureau discloses names in global bank probe - Business - CBC News
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