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Enron witness found dead in park

 
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Useful Eater



Joined: 25 Jan 2006
Posts: 114
Location: London

PostPosted: Wed Jul 12, 2006 5:36 pm    Post subject: Enron witness found dead in park Reply with quote

http://news.bbc.co.uk/1/hi/england/london/5173228.stm

Quote:
Enron witness found dead in park

Police said the body was found on the ground by a walker
A body found in north-east London has been identified as that of a banker who was questioned by the FBI about the Enron fraud case.
Police said they were treating the death in Chingford of Neil Coulbeck, who worked for the Royal Bank of Scotland until 2004, as "unexplained".

He had been interviewed by the FBI as a potential witness.

Three ex-workers of RBS subsidiary NatWest are being extradited to the US on Thursday to face fraud charges.

The extradition has sparked a political row, with opposition parties and human rights groups claiming the treaty under which they are being sent to the US is one-sided as the Americans are yet to ratify it.

'Highly regarded'

Prime Minister Tony Blair has rejected calls to renegotiate the extradition terms.

Mr Coulbeck's body was found in a park near Newgate Street, Chingford, on Tuesday.

Mr Coulbeck's wife had reported him missing last Thursday. Police have yet to formally identify the body, which was removed from the parkland on Wednesday afternoon.

One day when this is all over I'm going to be coming home to my wife and children and some poor guy is not

MPs protest at extradition
Q&A: Extradition

Mr Coulbeck had worked at the Royal Bank of Scotland until 2004, most recently as head of group treasury, the bank confirmed.

"Neil was highly regarded by his colleagues here in RBS and was a respected, capable and hard working member of our senior management team."

The fraud case centres on a NatWest transaction under which it sold off part of its Enron unit.

RBS said: "There is no evidence that Mr Coulbeck was involved in the approval of the transaction under investigation.

"RBS has co-operated fully with all the appropriate authorities and made them fully aware of all the relevant facts in our possession."

The FBI said it would not comment while the case was ongoing.

'Appalling'

One of the so-called NatWest three, David Bermingham, said he had been "knocked sideways by the news" of Mr Coulbeck's death.

"It is awful, appalling. One day when this is all over I'm going to be coming home to my wife and children and some poor guy is not and my heart goes out to his wife and family," he said.

He described Mr Coulbeck as "a superstar, a thoroughly decent, honest professional guy and a very experienced banker".

It's an utter tragedy. I'm struggling to take it in, really

Giles Darby
Former NatWest banker

Mr Coulbeck was among NatWest staff who made witness statements about the extradition, Mr Bermingham, of Goring, Berkshire, said.

"Neil's statement was no more than a page and a half saying who he was and his role," he said.

Fellow accused Giles Darby, speaking from his home in Lower Wraxall, Somerset, said he was "absolutely shocked" by the death.

"It's an utter tragedy. I'm struggling to take it in, really.

"Of course, my thoughts are now with Neil's family and friends."

In 2002, US prosecutors issued arrest warrants for the three men, accusing them of conspiring to defraud their employers and investors in energy giant Enron, which had collapsed a year earlier.

It is alleged that the three British bankers - Mr Bermingham, Gary Mulgrew and Mr Darby - advised their employer Greenwich NatWest to sell off its stake in an Enron unit at well below its market value.

MPs' protest

They then left the bank and purchased a $250,000 (135,000) stake in the unit - which they sold on at a much higher price, making a profit of $7.3m (3.9m).

They deny any wrongdoing.

Their extradition was debated by MPs in an emergency session of Commons on Wednesday.

After a three-hour debate they voted by a majority of 242 to adjourn the Commons early in symbolic protest at the government's extradition arrangements.

On Tuesday, peers had voted in favour of suspending extradition agreements with the US until the UK-US treated had been ratified there.



Ahh there you go, two down and several more to go. I'm guessing he got 'suicided' too.

Now we have the head of a human rights group here called Liberty on the news saying he was under 'immense pressure'. If you're in the UK you would have probably seen this.
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Ormond



Joined: 14 Apr 2006
Posts: 1556
Location: Belly of the Beast, Texas

PostPosted: Wed Jul 12, 2006 11:17 pm    Post subject: Reply with quote

Good Gods that's today.

Ken Lay had a surprise 'massive coronary' last week in Colorado, and now this.

Back in 2000, people were excited about the obvious business connections between Lay, Enron, and the Bush hyda all the way back to 1983. The trail led to several high government officials, including the Secretary of the Army.
Some Congressmen wrote a formal demand for inquiry to the President...but of course it was ignored. Then 911.

Stinks to High Himmel.
My own take on it is that Enron was one of the money laundering book cooking fronts for the bigger organization. It was sacrificed (along with a lot of ruined and dead lives). Oh what a tangled web.

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The anticipated never happens. The unexpected constantly occurs
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MichaelC



Joined: 06 Jul 2006
Posts: 2122

PostPosted: Thu Jul 13, 2006 5:25 am    Post subject: Reply with quote

sort of reminds me of VERY long list of 'suicides' and 'tragic accidents' that mark the Clintons' careers - going back at least to the 1980s, mind you....
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