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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements