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. Last Updated: 07/27/2016

Leeson Sentenced to 6 1/2 Years in Jail

SINGAPORE -- The British lawyer of jailed futures trader Nick Leeson has received a Singapore court order to hand over on request all documents linked to the collapse of Barings Bank, legal sources said Monday.


Singapore's investigation into the collapse of Barings in February under debts of $1.4 billion was likely to widen, the sources also said.


Leeson was sentenced to 6 1/2 years in jail Saturday after pleading guilty to two charges of cheating linked to the bank's demise.


Judge Richard Magnus said Leeson, 28, used his position of trust to trade dishonestly and had "spun a web of deceit."


Singapore authorities have not ruled out further charges against others involved in Barings.


The nine months Leeson served in a Frankfurt jail pending extradition will be deducted from his sentence, and sources said he may actually serve as little as 3 1/2 to four years.