BusinessCompany NewsPrecedent may be set in Enron extradition case

Precedent may be set in Enron extradition case

Natwest bankers to hear ruling in battle to avoid extradition

A High Court will decide today whether three former NatWest bankers should be
extradited to the US to answer Enron-related fraud charges.

The charges carry jail terms of up to 35 years.

If the court rules that the men should face charges in the US, it could
impact on other UK businessmen facing similar type charges.

The three men fighting the extradition are David Bermingham, Gary Mulgrew and
Giles Darby who are accused of defrauding Greenwich NatWest of $7.3m (£4.2m) by
investing in one of Enron’s offshore operations.

In their legal challenge, the group is protesting against the home
secretary’s ruling that they face charges in the US and the Serious Fraud
Office’s decision not to investigate the matter in the UK – the bankers argue
that as they are accused of defrauding a UK bank and should be prosecuted in the
UK.

Regardless of the outcome, both parties have said they will appeal to the
House of Lords if the court does not rule in their favour, The
Independent
reported.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

1w Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

4m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

8m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

8m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

11m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

11m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

11m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

11m Emma Smith, Managing Editor