Agree­ment on ex­tra­di­tion

The Star Early Edition - - BUSINESS REPORT -

THREE Lon­don-based for­mer cur­rency traders fac­ing US charges that they tried to ma­nip­u­late prices in the world’s largest fi­nan­cial mar­ket have agreed not to fight ex­tra­di­tion, and will ap­pear at a New York court hear­ing next month. Ro­han Ram­chan­dani, Richard Usher and Chris Ash­ton, for­merly of Citi, JP Mor­gan Chase and Bar­clays – dubbed the “Car­tel” – were in­dicted by the depart­ment of jus­tice (DoJ) in Jan­uary. A pre­lim­i­nary hear­ing in New York has been sched­uled for July 17. As per the bail terms agreed with the DoJ, the three men will be able to re­turn to and stay in Bri­tain un­til the case comes to trial.

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