ATLANTA -- Christopher Drogoul, the Atlanta banker who played a role in channeling government-guaranteed loans to Iraq, will plead guilty Tuesday to all 347 charges against him, a court official said.
The federal trial of Mr. Drogoul, former Atlanta branch manager for Banca Nazionale del Lavoro of Italy, was to begin June 22. Several ex-associates had pleaded guilty and agreed to cooperate with prosecutors.
Elizabeth Daniel, an aide to U.S. District Judge Marvin Shoob, said Mr. Drogoul's lawyers gave notice of his intention to plead guilty and make a lengthy statement at a hearing.
"There was no plea agreement," Ms. Daniel said. "Sentencing would probably come in two months." The Atlanta Journal-Constitution reported that Mr. Drogoul had rejected a 20-year sentence in return for a guilty plea.