Fugitive Mexico Banker May Go Free on Bail
- Share via
From Times Wire Reports
Fugitive Mexican banker Carlos Cabal Peniche, wanted in Mexico on fraud, is set to leave jail after a court granted what has been called the highest bail ever set in Australia.
Cabal, who has been behind bars for more than 2 1/2 years and is fighting extradition, will probably walk out of prison today in Melbourne. Australian High Court Justice Michael Kirby set bail at more than $1.02 million.
Cabal’s lawyer, Murray Gerkens, said the release had been delayed a day because Mexican authorities indicated that they might seek to appeal the decision.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
