'City Slickers' face court

13 April 2012

THE former Daily Mirror share tipsters known as the City Slickers appeared in Southwark Crown Court yesterday.

Anil Bhoyrul and James Hipwell are alleged to have tipped shares that they owned from August 1999 to February 2000. Terry Shepherd, a private investor, also appeared in the dock.

All three are charged with 'conspiring to create a misleading impression' over the value of investments, in breach of the Financial Services Act.

The judge granted them unconditional bail to reappear in court on November 26 for a plea and directions hearing.

The Department of Trade and Industry completed a marathon four-year investigation into the scandal but said in June that no criminal action would be taken against former Mirror editor Piers Morgan.

Morgan, Bhoyrul and Hipwell were censured by the Press Complaints Commission in 2000.

Morgan, who was sacked last month over the use of faked images of abuse of Iraqi prisoners by British troops, bought shares in Viglen shortly before they were tipped by the Slickers.

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