Subscribe to our mailing list

* indicates required

 

 

 

 

BROWSE BY TOPIC

ABOUT FINANCIALISH

We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.

 

Stay Informed with the latest fanancialish news.

 

SUBSCRIBE FOR
NEWSLETTERS & ALERTS

FOLLOW US

Crimes

Ex-BofA Banker Guilty of Murder in Hong Kong

November 8, 2016

“Not Guilty” plea - by reason of “diminished responsibility” and ‘pressure at work’ – is rejected by jury.

 

Rurik Jutting, 31, a former Bank of America Corp. banker charged with the 2014 brutal killing of two Indonesian women was found guilty of murder in a case that laid bare the divisions in Hong Kong’s foreign community between elite expat finance professionals and an underclass of Southeast Asian workers. The jury’s decision was unanimous. He was sentenced to life in prison.

 

The dead women were found in his apartment in Wan Chai, the area of Hong Kong that includes the red-light district. He had slit the throats of both women and put Ms. Ningsih’s body in a suitcase.

 

During the 2-week trial, the jury was shown graphic videos of Mr. Jutting torturing one of the women that he had taken on his iPhone. Both women had initially come to Hong Kong on domestic helper visas. After the verdict was read, Deputy High Court Judge Michael Stuart-Moore said that Mr. Jutting, in iPhone videos, had described himself as “evil” and a “monster.” Neither description is adequate, the judge said.

 

WORK AT BOFA.     Mr. Jutting had been part of a team at Bank of America that specialized in tax-minimization trades that had attracted scrutiny from prosecutors, regulators, tax collectors and the bank’s own compliance department. He worked in the bank’s structured equity finance and trading group, first in London and then in Hong Kong. The trading group helped hedge funds and other clients manage their stock portfolios.