Insider Dealing: Financial Services Authority prosecutes Mr Neil Rollins
7th January 2009Mr Neil Rollins of Keighley, West Yorkshire, date of birth 11 March 1964, was today charged at City of Westminster Magistrates' Court with 4 counts of insider dealing contrary to section 52(1) of the Criminal Justice Act 1993, 1 count of insider dealing contrary to section 52(2)(a) of the Criminal Justice Act 1993 and 4 counts of money laundering contrary to section 327(1)(d) of the Proceeds of Crime Act 2002.
Mr Rollins has been charged with the following offences:
- Having inside information which related to PM Group plc, disposed of 20,000 shares on 22 August 2006, 10,000 shares on 23 August 2006, 30,000 shares on 6 September 2006 and 13,989 shares on 13 September 2006 in PM Group plc.
- Having inside information which related to PM Group plc, on or before 4 September 2006, encouraged Louisa Rollins to deal in shares in PM Group plc.
- Transferring criminal property, in two separate amounts of GBP25,000 on 24 November 2006, GBP50,000 on 27 November 2006 and GBP20,000 on 28 November 2006, to an account in the name of David Rollins knowing or suspecting it to represent the proceeds of insider dealing.
The Magistrates Court held that the case was suitable for trial on indictment before the Crown Court. Proceedings were adjourned until 18 February 2009 and Mr Rollins was remanded on unconditional bail.
