The Natwest Three, the UK bankers accused of a fraud linked to the Enron
collapse, are believed to be a fortnight away from securing a plead bargain deal
with US prosecutors.
If the deal is secured, it will see some charges dropped in return for the
bankers admitting others, the Sunday Times reports.
The three bankers, Giles Murphy, David Bermingham and Gary Mulgrew, have
always protested their innocence but have failed to avoid extradition to the US.
If they are found guilty of all the charges against them, the bankers could
face decades in prison. Admitting certain charges and having others dropped,
however, could see the bankers serve as little as a year.
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