NAB trader pleads guilty

Ex-National Australia Bank (NAB) foreign exchange options trader Gianni Gray last week pleaded guilty to three charges for his part in the A$360 million rogue trading scandal uncovered in 2004.

Appearing at the county court of Victoria last Tuesday, Gray pleaded guilty to three counts of dishonestly using his position as an employee to gain advantage for himself and others.

The charges were made by the Australian Securities and Investment Commission (Asic) following an investigation into the

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