Precedent may be set in Enron extradition case
Natwest bankers to hear ruling in battle to avoid extradition
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.
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article