His name is Javier Martin Artajo and years ago he was a trader at JP Morgan. They arrested him today in Madrid. Together with his former colleague Julien Grout, he is accused of having covered up for the "Whale of London": he is alleged to have hidden losses that cost the American banking giant over six billion dollars.
Martin-Artajo, of Spanish nationality, was the supervisor of Bruno Iksil, the former trader nicknamed "The London Whale", responsible for the errors committed by the Chief Investment Office, the London division of JP Morgan.
As reported by the Wall Street Journal, which quotes a spokesman for the Spanish police, the Spaniard gave himself up after being heard by a police team specializing in fugitives.
The charges are of fraud, conspiracy and forgery of accounting books. Martin-Artajo will appear before a court in Madrid.
