Business

FSA charges trader for 'insider deals'

11 April 2012

The Financial Services Authority today charged a former hedge fund trader with insider dealing as it continuesits campaign against market abuse.

Anjam Ahmad, 38, who worked at Mayfair-based AKO Capital until last October, has been charged with one count of conspiracy to commit insider dealing. His offence is alleged to cover trading in 22 different shares between June and August 2009.

Ahmad and two other men were arrested in joint raids by the FSA and City of London Police at the end of January. He is due to appear in Westminster magistrates' court on May 7.

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