NatWest Three denied UK return

24-08-2006

Three British bankers extradited to the US on fraud-related charges will not be permitted to return to the UK on bail, a Texas judge has ruled.

Although granted bail in the US in order to consult with their lawyers to help prepare their defence, David Bermingham, Giles Darby and Gary Mulgrew were deemed a "flight risk" and were denied permission to fly back to Britain.

The Houston magistrate, Judge Stephen Smith, turned down the bail hearing's request because he believed that a significant risk that US federal authorities might encounter difficulties getting the three back across the Atlantic.

Significant political opposition to Britain's extradition arrangements with the US, which critics say lacks reciprocity and is overly subservient in the US' favour, is likely to have influenced the judge's decision to prevent the three returning home.

Instead they will be forced to continue preparing for this September's trial from Texas, where they are being electronically tagged to monitor their position.

The NatWest three face up to 20 years in prison if they are found guilty of all the charges they face. It is alleged that they deliberately undervalued a company related to Enron, defrauding their former employer, Greenwich NatWest, in the process.

The three deny the charges and vigorously fought their extradition to the US.


Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure