Ex-HSBC Trader’s Guilt Casts Shadow Over Colleague’s Extradition
The fraud conviction of a former HSBC Holdings Plc executive by a US jury may be a harbinger of what’s to come for London colleague Stuart Scott, as a judge prepares to rule on his extradition to face the same charges this week.
The guilty verdict shouldn’t impact the court’s extradition ruling directly, although it may undermine some of Scott’s arguments, according to London extradition lawyer Edward Grange.
“While Johnson’s conviction won’t decide the outcome of Scott’s extradition it will certainly lend weight against the forum-bar argument succeeding,” said Grange, a partner at Corker Binning. “The U.S. is a trusted extradition partner and there is a strong track record on U.S.-U.K. extraditions being granted as both countries look to support their bilateral treaty obligations.”
Read the full article in Bloomberg here.
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