Ex-JPMorgan banker arrested in Spain
Hands himself in.
Javier Martin-Artajo, a former JPMorgan employee, has been arrested in Spain.
He was taken into custody after allegations that he helped hide hundreds of millions of dollars in trading losses during the "London Whale"scandal.
He was charged, alongside fellow JPMorgan employee Julien Grout, with falsifying bank records. Ten days later, on holiday in Spain, he was arrested.
The interior ministry said in a statement that the suspect had presented himself at a local police station in Madrid after being notified by the police. Mr Martin-Artajo was then taken to Spain’s Audiencia Nacional for an extradition hearing, and later released under conditions.
Spanish media outlets reported that the former banker is officially barred from leaving the country and must present himself to a judge every 15 days. Crucially, he is also reported to have told the judge that he would not agree to extradition – a declaration that may make it difficult for the US to prosecute Mr Martin-Artajo. Spain, like most countries, is usually reluctant to extradite its own citizens against their wishes.