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FSA charges ex-Mizuho banker with insider dealing.

LONDON, Ramadan 4, 1432, Aug 4, 2011, SPA -- Britain's Financial Services Authority (FSA) has charged former Mizuho investment banker Thomas Ammann and two of his associates with insider dealing, the regulator said on Thursday, according to Reuters.

Ammann, who was fired from the bank shortly after he was arrested in November last year, was also charged with money laundering and encouraging insider dealing.

His associates Christina Weckwerth, who is based in Germany, and Jessica Mang were both charged with insider dealing, the FSA said.

Weckwerth was also charged with money laundering.

The charges relate to trading in shares of Canon-owned Dutch print maker Oce NV between February and November 2009, the FSA said.

Mizuho International, the London-based securities and investment banking arm of Mizuho Financial Group , said the FSA had confirmed there had been no wrongdoing by Mizuho, and no action was being taken against the bank.

"The transactions to which the charges relate were executed by the individual in his personal capacity and were not done through or processed by Mizuho International," it said in a statement, adding that Weckwerth and Mang were not connected to the bank.

"The FSA has not expressed any concern about Mizuho International or its systems and controls." All three are due to appear at City of Westminster Magistrates Court in London on Aug.


--SPA 14:27 LOCAL TIME 11:27 GMT

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Publication:Saudi Press Agency (SPA)
Date:Aug 4, 2011
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