Enron banker in Celtic share bail
Gary Mulgrew was extradited to the US to face charges
One of the three former NatWest bankers extradited to the US on fraud charges offered his shares in Celtic Football Club to cover his bail.
The court in Texas demanded $100,000 (£55,000) from each of the men as bail, pending their trial on charges relating to the collapsed US giant Enron.
Gary Mulgrew, originally from Glasgow, had just $20,000 (£11,000) but offered the shares to make up the difference.
The men were freed on bail until next Friday but they must remain in Houston.
They will also be tagged.
Mr Mulgrew, 44, whose mother is Labour MSP and deputy presiding officer of the Scottish Parliament Trish Godman, was managing director of NatWest's US banking subsidiary, GNW.
He was extradited to the US on Thursday along with David Bermingham and Giles Darby.
The men pleaded not guilty in court on Friday to charges that they made more than £1m each out of a complex fraud in which their former employer NatWest was an alleged victim.
It is alleged by the US justice department that the men advised NatWest, now part of the Royal Bank of Scotland, to dispose of an Enron-related offshore company for less than it was worth.
Celtic shares are currently valued at about 24p.
---------------
WTF, like top banker only had 10 grand?!?!
Gary Mulgrew was extradited to the US to face charges
One of the three former NatWest bankers extradited to the US on fraud charges offered his shares in Celtic Football Club to cover his bail.
The court in Texas demanded $100,000 (£55,000) from each of the men as bail, pending their trial on charges relating to the collapsed US giant Enron.
Gary Mulgrew, originally from Glasgow, had just $20,000 (£11,000) but offered the shares to make up the difference.
The men were freed on bail until next Friday but they must remain in Houston.
They will also be tagged.
Mr Mulgrew, 44, whose mother is Labour MSP and deputy presiding officer of the Scottish Parliament Trish Godman, was managing director of NatWest's US banking subsidiary, GNW.
He was extradited to the US on Thursday along with David Bermingham and Giles Darby.
The men pleaded not guilty in court on Friday to charges that they made more than £1m each out of a complex fraud in which their former employer NatWest was an alleged victim.
It is alleged by the US justice department that the men advised NatWest, now part of the Royal Bank of Scotland, to dispose of an Enron-related offshore company for less than it was worth.
Celtic shares are currently valued at about 24p.
---------------
WTF, like top banker only had 10 grand?!?!
