London Banker Loses Whistleblower Retaliation Claims

Law360, London (April 2, 2019, 8:26 PM BST) -- A London employment tribunal on Tuesday dismissed a former Mizuho Bank Ltd. executive’s whistleblower retaliation complaints and upheld his firing for stealing from a colleague, saying it was satisfied that his disclosures didn’t play a part in the bank’s decision.

Former executive Marius Caracota sued the Japanese bank for unfair dismissal, claiming that what he said was an inadvertent theft was used by higher ups as a pretext for his dismissal after he complained about bullying at the bank and his lack of registration with the U.K.’s Financial Conduct Authority.

But the three-member employment tribunal sided with the bank, saying on...

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