U.K. Enron Bankers Say New Evidence Prevents Their Extradition

By Megan Murphy
November 28, 2005
Bloomberg

Three British bankers fighting extradition to the U.S. on Enron Corp.-related fraud charges accused the U.S. government of failing to disclose evidence that ``fundamentally undermines'' its case against them.

David Bermingham, Giles Darby and Gary Mulgrew, former executives at Royal Bank of Scotland Group Plc unit Greenwich NatWest, today told the High Court in London that the judge that authorized their extradition didn't know that Greenwich NatWest has acknowledged it didn't lose any money in the alleged fraud, which involved the sale of an Enron off-the-books partnership...

A U.S. federal court in Houston indicted the three men on seven counts of wire fraud in 2002. Prosecutors claim they misled Greenwich NatWest over the sale value of its stake in ``Swap Sub,'' an off-balance-sheet entity used to hedge Enron's investment in Internet service provider Rhythms NetConnections, gaining $7.3 million in the deal...

Labels: Enron, NatWest Three