Talking of toast, the three former Nat West bankers, David Bermingham, Gary Mulgrew and Giles Darby will be off to Houston, Texas, where they will be tried for their alleged part in the collapse of Enron.
The three men all say they are innocent, but it’s not strictly justice at the centre of this story. The business and legal world is upset about this one because of the way the UK is cowtowing to US instruction, without so much as a whimper. The rules that are being implemented to enforce the extradition of the three men were designed to help fight terrorism, not corporate fraud. While the zeal to bring down everyone associated with the Enron collapse has approached an almost religious fervour in some parts, not even the most fervent have accused them of being terrorists.
In the UK, were we to want to extradite a US citizen to these shores on charges of fraud, our legal system would have jump through a few hoops. It has left the business community, which is supposed to be marching in protest over the unfairness of it all, hopping mad.
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