Arab Today, arab today uk court approves excredit suisse trader\s us extradition
Last Updated : GMT 12:24:19
Arab Today, arab today
Arab Today, arab today

UK court approves ex-Credit Suisse trader\'s US extradition

Arab Today, arab today

Arab Today, arab today UK court approves ex-Credit Suisse trader\'s US extradition

London - AFP

A British court on Monday approved the extradition of a former senior Credit Suisse trader to the United States to face charges over a $540-million (404-million-euro) fraud. Kareem Serageldin, 39, is accused of distorting the value of mortgage securities while working at the Swiss banking giant during the financial crisis. His case will now be passed to Home Secretary Theresa May, the interior minister, who has the final say over extraditions to the United States. Prosecutors claim he conspired with two of his employees to hide the deteriorating condition of the housing market in 2007 in order to keep the value of bonds based on subprime mortgages artificially high and thereby fattening their bonuses. Serageldin, a US citizen living in London who was the bank\'s global head of structured credit, was slated to receive more than $7.0 million in pay before the company learned about the alleged fraud and withheld $5.2 million of his pay. He was arrested in September last year. The alleged fraud, which prosecutors described last year at Westminister Magistrates Court as \"a tale of greed run amok\", was said to have contributed to the $2.65 billion write-down that Credit Suisse announced in March 2008. His lawyers did not contest the court\'s decision on Monday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk court approves excredit suisse trader\s us extradition Arab Today, arab today uk court approves excredit suisse trader\s us extradition

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uk court approves excredit suisse trader\s us extradition Arab Today, arab today uk court approves excredit suisse trader\s us extradition

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday