07-21-2006, 12:46 PM | #1 (permalink) | |
Too Awesome for Aardvarks
Location: Angloland
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NatWest 3 granted US bail
For those of you that either have no idea of, or have not been following, the NatWest 3 are a group of bankers from the UK who have been charged with fraud against a UK bank, in the UK, to do with gaining money (which they paid income tax on) from Enron before its collapse.
The big furore has come from the extradition treaty between the US and the UK. Created after the 9/11 bombings its aim was to allow easier extradition of terrorists between the countries. However, only the UK holds it in full, the US has yet to ratify it (due to the strong irish lobby not wanting IRA terrorists to be deported, in a nutshell). This means that to extradite from the UK all the US need present is evidence that would allow an arrest warrent to be issued, whereas the UK need present evidence enough for a trial. Also, this act has so far been aimed towards white collar crime, not the terrorists originally intended. These 3 people have been in legal wrangling for veritable eons, at one point they were very likely to spend the years between their extradition and trial languishing in a texas maximum security jail. The British government, in its usual complete uselessness and absoloute ineptness has continued to allow the extradition and trial despite the entire country going up in arms against it. As the article states, they have been granted bail in the Housten area for a sizeable chunk of change until the trial. All i can say is i'm waiting for the elections so this government can have its ass handed down, or a fraking revolution. http://news.bbc.co.uk/2/hi/business/5204030.stm Quote:
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07-21-2006, 04:54 PM | #2 (permalink) |
Insane
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What exactly is their crime? Why are they being extradited?
From what I gather: 3 men defraud Natwest by selling off a partly/fully owned company for less than market worth. They then sell it on for full market value. result: Natwest 3 make lots of money, defraud Natwest. Where does Enron fit into this at all, it seems like a UK crime committed against a UK institution by a UK criminal? |
07-21-2006, 06:03 PM | #3 (permalink) |
Pissing in the cornflakes
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Gee how did you feel about the Mark Rich pardon then? You musta been kitten eating mad if this has you calling for a revolution.
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07-22-2006, 09:14 AM | #4 (permalink) | |
Too Awesome for Aardvarks
Location: Angloland
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Quote:
Its just another thing in a long line of stupidy vomited by this government. Never heard of mark rich until i just gave him a google, so can't really comment.
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Office hours have changed. Please call during office hours for more information. Last edited by stevie667; 07-22-2006 at 09:18 AM.. |
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bail, granted, natwest |
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