BusinessCompany NewsNatwest Three in plea bargain talks

Natwest Three in plea bargain talks

UK bankers accused of Enron-linked fraud in the US start plea bargain talks

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.

Further reading:

Natwest Three in witness outcry

Natwest Three hit back at US
authorities

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