UK: Bankers lose appeal against controversial extradition
Date: 22 Feb 2006
Three British bankers have lost their appeal against extradition to the US for charges of conspiring with Enron executives. The case has attracted considerable criticism of extraditin arrangements where the US can pursue white collar crime suspects under a law designed to be used in the fight against terrorism.
The three, Gary Mulgrew, Giles Darby and David Bermingham, formerly with NatWest, have pledged to take their case to the final arbiter of the House of Lords. They argue that the case, which covers actions taken within a UK company on UK soil should be heard within the UK. The extradition rules deny them the ability to challenge evidence before extradition.
The bankers deny the offence, arguing that they were unwitting pawn in a fraud orchestrated by the Enron executives. They have been advised that since they have contested extradition they will face two years in jail when they reach Texas whilst preparing their case.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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