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Leeson To Be Extradited In September, Official Says

July 3, 1995

FRANKFURT, Germany (AP) _ Nick Leeson, the young trader blamed for bringing down one of Britain’s most prestigious banks, will be extradited to Singapore in early September, a newspaper said.

A German court has already ruled that charges by Singapore against Leeson are justifiable grounds for his extradition.

In an interview in the Sunday daily Welt am Sonntag, Gernot Broschat, spokesman for the Hesse state prosecutor’s office, said ``there is no doubt″ Leeson would be sent to Singapore in early September.

As head of Barings Futures in Singapore, Leeson, 28, is blamed for amassing more than $1 billion in losses that drove the 232-year-old investment bank Barings PLC out of business.

Leeson fled Singapore Feb. 23, and was arrested at Frankfurt airport on March 2 on a Singapore arrest warrant. He is accused of four counts of forgery, two counts of fraud against Barings and six counts of fraud against the Singapore stock exchange.

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