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In the not too distant future, David Bermingham, Gary Mulgrew and Giles Derby may find themselves on an aeroplane to the US. Upon arrival, the three former Nat West bankers will be brought before a Texas court to face charges in respect of an £11m fraud arising out of the collapse of Enron. The trial may last many months and it is unlikely any of the defendants will be granted bail. If their extradition eventually takes place, it will be despite the fact that nearly all of the alleged criminal acts took place in the UK, and in circumstances where the UK authorities have shown little appetite for investigating, let alone prosecuting, the matter.

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