BusinessCompany NewsNatwest Three close to plea bargain

Natwest Three close to plea bargain

Bankers allegedly involved in Enron fraud two weeks away from plea bargain

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.

Further reading:

Natwest Three in plea bargain talks

Natwest Three in witness outcry

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