Hong Kong murder suspect banker said part of team under scrutiny for tax trades

Bank Of America Building

A taxing problem ?

The 29-year-old banker charged Monday with murdering two women in Hong Kong had been part of a Bank of America team that specialized in tax-minimization trades that are under scrutiny from prosecutors, regulators, tax collectors and the bank’s own compliance department, according to people familiar with the matter and documents reviewed by The Wall Street Journal.

Market Watch reports that Rurik Jutting was charged with two counts of murder after the bodies of two women were allegedly found in his Hong Kong apartment; one was hidden in a suitcase found on his balcony, police say. At a court hearing Monday, Jutting didn’t enter a plea and didn’t seek bail.

Jutting, a U.K. native and a competitive poker player, worked in Bank of America Merrill Lynch’s Structured Equity Finance and Trading group, first in London and then in Hong Kong, according to these people and regulatory filings. Jutting resigned from the bank sometime before October 27th, which police say was the date of the first murder, according to a person familiar with the matter.

Hit the link below to access the complete Market Watch article:

Hong Kong murder suspect was involved in controversial tax trades

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