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Spain: Court rejects extradition to US of ex-JPMorgan trader

Spanish court rejects extradition of ex-JPMorgan but says US can take legal action in Spain

Spain: Court rejects extradition to US of ex-JPMorgan trader

MADRID (AP) -- Spain's National Court has rejected the extradition to the United States of a former JPMorgan Chase & Co. trader wanted for allegedly falsifying bank records, but said the U.S. can take legal action against him in Spain.

The court said in a statement Thursday that it rejected the request because the events in question occurred in Britain, not in the country seeking the extradition -- the United States -- and that the person involved has Spanish nationality.

The U.S. accuses Javier Martin-Artajo and another ex-trader at the bank in London of marking up the value of an investment portfolio to hide its plummeting value. The portfolio eventually incurred a $6 billion loss.

Martin-Artajo was arrested in Madrid in August 2013 but freed without bail. He denies the U.S. charges.


Updated : 2021-09-20 15:20 GMT+08:00