February 22, 2006
Enron Isn't All Texas
International issues arise in more and more cases, so it is not surprising to see issues of this nature in cases coming from Enron matters. According to CNN Money here, three bankers who were alleged to have worked on some matters with Andy Fastow have lost a court appeal in their fight against being extradited to the United States. Their next step will be to go to the House of Lords.
Interestingly, the ability to extradite them quickly comes from the passage of a treaty pertaining to terrorism matters, a treaty that provides an expedited process for extraditions to the United States.This case raises many issues: 1) Will the United States now be attempting to extradite more individuals from outside this country who might allegedly be involved in white collar crime conduct in this country? 2) Will other countries be as forthcoming to allow their citizens to be extradited to the U.S. for trial? 3) What are the ramifications when a country refuses to extradite its citizens to the United States? 4) Will businesses outside the United States be reluctant to do business with this country out of fear that it will subject them to extraterritorial jurisdiction here?
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One overlooked question here. Why should British nationals be extradited to be tried in the US for crimes allegedly committed in Britain?
Posted by: Roy Jones | Feb 22, 2006 11:22:37 AM