NatWest bankers bailed in Enron fraud case
Date: 15 Jul 2006
Three bankers that have been extradited from the UK to the US under a controversial anti-terrorism provision have been granted initial bail in the first round of their trial over fraud allegations.
The case has become a major focus of anger in the UK, as business leaders have complained about the ability of the US to have them extradited to face lengthy court cases, potentially without bail being granted, without having to make a prima facie case in a UK court. The complaint is particularly pertinent in the current case as the three men are accused of actions that they carried out in the UK affecting only their UK employer.
Gary Mulgrew, David Bermingham and Giles Darby have pleaded not guilty to all charges, and are seeking to win bail conditions that will allow them to return to their homes over the year or two that will be required to build the case. Their request is being opposed by the prosecution who want bail conditions to require that they stay in the US.
You must be logged in to add comments
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.
Similar news stories
From the same country
Other stories about this company
Currently most popular stories