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Fugitive trader back in Singapore

Extradited Leeson faces trial in bank collapse

Leeson escorted

November 23, 1995
Web posted at: 9:45 a.m. EST (1445 GMT)

SINGAPORE (CNN) -- After more than 8 months in a German jail, fugitive securities trader Nick Leeson was extradited to Singapore Thursday to stand trial in the $1.4 billion collapse of Britain's Barings bank last February. Leeson's Singapore lawyer, John Koh, told reporters the former futures trader would not enter a plea at a hearing on Friday.

media crowd

Leeson, 28, was smiling as he walked through Singapore's airport terminal. Dressed in casual clothes with his baseball cap on backwards, he was surrounded by police as he walked past a throng of waiting cameras.

His trial is expected to start around the end of December. He will appear in a Singapore courtroom Friday morning where charges will be formally read to him. If convicted, he could spend up to 14 years in prison.

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