Newspaper article The Evening Standard (London, England)

FSA Pair Hold Key to NatWest Three Defence

Newspaper article The Evening Standard (London, England)

FSA Pair Hold Key to NatWest Three Defence

Article excerpt

Byline: JAMES ROSSITER

TWO top Financial Services Authorities executives could be called as key defence witnesses in the NatWest Three fraud case.

Tim Crump and Ken O'Donnell, senior enforcement officers with the City watchdog, have already handed over to the US authorities transcripts of interviews they conducted with David Bermingham, Giles Darby and Gary Mulgrew over their work on an Enron-related deal.

The former Greenwich NatWest bankers had wanted to call the FSA executives as witnesses to help them in their British court battle against extradition to the US.

However, they lost that battle as, under a controversial new treaty, the British courts could not even hold a preliminary hearing before granting American authorities their extradition request.

The three bankers are now in jail in America. Volumes of their evidence relating to Enron trades, voluntarily handed over to the FSA, will play a central role in the US Department of Justice prosecution. …

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