Bloomberg News

Spain Gets Extradition Request for Ex-JPMorgan’s Martin-Artajo

October 29, 2013

Spain’s National Court received papers requesting the extradition of former JPMorgan Chase & Co. (JPM:US) trader Javier Martin-Artajo on charges he helped hide trading losses that eventually surpassed $6.2 billion.

Judge Santiago Pedraz will call Martin-Artajo to court in coming days to ask whether he agrees to be extradited to the U.S., a spokesman for the court, who asked not to be identified by name in line with policy, said in a phone interview today.

Martin-Artajo turned himself into police in August after being contacted by investigators and was released after telling a Madrid court that he opposed extradition. The Spanish citizen, who oversaw synthetic credit trading at JPMorgan’s chief investment office in London, last month was indicted in the U.S. for engaging in a securities fraud to hide losses stemming from trades by Bruno Iksil, the Frenchman at the center of the case who became known as the London Whale.

No one was immediately available to comment at Cortes Abogados, a Madrid-based law firm that Expansion newspaper reported was hired by Martin-Artajo to represent him in Spain.

Martin-Artajo’s attorney at Norton Rose Fulbright in London didn’t immediately return a request for comment.

To contact the reporter on this story: Charles Penty in Madrid at cpenty@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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Companies Mentioned

  • JPM
    (JPMorgan Chase & Co)
    • $61.93 USD
    • 0.45
    • 0.73%
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