Two found guilty in UK insider dealing case | Reuters

A former Deutsche Bank (DBKGn.DE) managing director and a chartered accountant were found guilty in a London court on Monday in an insider dealing case brought by the Financial Conduct Authority.

Three other men were acquitted in the case at Southwark Crown Court, the FCA said in a statement.

Martyn Dodgson, who joined Deutsche Bank in 2008, was accused of passing information on upcoming deals to Andrew Hind, who is also a property developer, after sourcing it from investment banks where he worked. Hind acted as a middle man.

Their conspiracy on insider dealing took place between November 2006 and March 2010.

"This was an extraordinary and complex case of a type not prosecuted in this country before," Mark Steward, director of Enforcement and Market Oversight at the FCA, said.

Deutsche Bank, which Dodgson left in 2010, declined to comment on the case. Dodgson and Hind will be sentenced at a later date.

(Reporting by Bhanu Pratap. Editing by Jane Merriman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: May 10, 2016 02:00 AM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See