Share Dealing
Management consultant charged over insider dealing
Rob Langston, 02 February 2011
A management consultant has been charged with 23 counts of insider dealing at City of Westminster Magistrates' Court and one count of money laundering.
Management consultant Rupinder Sidhu was charged in a case brought by the Financial Services Authority (FSA), over offences relating to spread betting.
Sidhu is alleged to have placed spread bets relating to 18 UK and European-listed shares between 2008 and 2009.
According to the FSA, Sidhu indicated pleas of not guilty to all charges and proceedings were adjourned until March with the management consultant remanded on conditional bail.
The FSA said it is currently prosecuting 12 other individuals over insider dealing offences.
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