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22 Oct 2007
The three UK bankers accused of fraud linked to the Enron collapse are reported to be in talks with US authorities whereby they may admit to some charges in return for others being dropped.
The Natwest Three, Giles Darby, David Bermingham and Gary Mulgrew, have always protested their innocence, the Sunday Times reports, but are believed to be weighing up a plea bargain, even though they are almost certain to face imprisonment.
The trial has been repeatedly postponed and is now due to proceed in January. If convicted the bankers could face up to three years in prison. Admitting certain charges, however, may see their sentence reduced.
Discussions over a plea bargain are still at an early stage.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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