London Whale executive rejects U.S extradition request

Beached Whale

A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2bn financial scandal at the bank rejected on Friday a U.S. extradition request, which will now rest in the hands of courts in his native Spain.

Reuters reports that Javier Martin-Artajo, who oversaw another ex-JPMorgan trader nicknamed the 'London Whale' for his large bets on derivatives markets, was indicted by a U.S. grand jury in September over his role in the losses while he worked for the bank in London.

After handing himself in to Spanish police at the end of August, Martin-Artajo on Friday told Spain's High Court he was opposed to extradition, a court source said, though judges can still decide to send him to face charges.

'He said that in any case the alleged events took place in the United Kingdom, and not in the United States', the court source said.

Martin-Artajo, wearing an open-necked shirt and dark suit and who appeared relaxed after the hearing, waving to media, also asked the judge to request more information from the United States, the court source said.

His legal team, law firm Cortes Abogados in Madrid and Lista Cannon from Norton Rose Fulbright in London, did not immediately respond to requests for comment.

To access the complete Reuters article hit the link before:

Former JPMorgan 'Whale' supervisor opposes U.S. extradition

Banks to repay 3.6 billion euros of crisis loans: ECB

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