Printer Friendly

Banker charged over insider dealing.

Summary: A banker who helped advise the Government on its stakes in part-nationalised banks has been charged over insider dealing.

A banker who helped advise the Government on its stakes in part-nationalised banks has been charged following the UK's biggest probe into insider dealing.

Martyn Dodgson, who was a managing director in Deutsche Bank's corporate broking team, advised the Treasury on its stakes in Royal Bank of Scotland and Lloyds Banking Group.

He was one of four men charged by the Financial Services Authority (FSA) for involvement in insider dealing worth a reported Au3m.

Millionaire Iranian businessman Iraj Parvizi, Andrew Hind, Benjamin Anderson and Dodgson were all bailed to attend Westminster Magistrates' Court on October 19.

They are accused of conspiracy to insider deal between November 2006 and March 2010.

The charges arose from Operation Tabernula, a long-running joint investigation between the FSA and the Serious Organised Crime Agency.

It is the FSA's largest and most complex investigation of its kind. The organisation has previously secured 14 convictions for insider dealing and is prosecuting four other individuals.

Independent Television News Limited 2011. All rights reserved.

Independent Television News Limited 2012. All rights reserved.

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:Independent Television News Limited (ITN)
Date:Oct 16, 2012
Words:201
Previous Article:Tesco suffers fall in group profits.
Next Article:Xstrata finally on board with Glencore merger.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters