Former JPMorgan supervisor opposes US extradition

Written by Reuters | Updated: Nov 16 2013, 15:52pm hrs
A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2-billion financial scandal at the bank rejected on Friday a US extradition request, which will now rest in the hands of courts in his native Spain.

Javier Martin-Artajo, who oversaw another ex-JPMorgan trader nicknamed the London Whale for his large bets on derivatives markets, was indicted by a US grand jury in September over his role in the losses while he worked for the bank in London.

After handing himself in to Spanish police at the end of August, Martin-Artajo on Friday told Spain's High Court he was opposed to extradition, a court source said, though judges can still decide to send him to face charges.

He said that in any case the alleged events took place in the United Kingdom, and not in the US, the court source said.