суббота, 3 марта 2012 г.

EX-TRADER RETURNED TO SINGAPORE TO FACE CHARGES IN BARINGS CASE.(BUSINESS)

Byline: VIJAY JOSHI Associated Press

SINGAPORE The rags-to-riches trader who brought Britain's oldest bank crashing down with $1.4 billion in bad deals was returned to Singapore on Thursday to face forgery and fraud charges.

Nick Leeson, 28, is accused of forging documents and creating fictitious accounts to hide unauthorized trading while he was manager of Barings PLC's futures trading branch in Singapore. If convicted, he could be sentenced to up to 14 years in prison. White-collar crimes are not punishable by flogging.

Leeson had spent the past nine months in a jail in Germany, where he was arrested after fleeing Singapore. He spent much of that …

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