Management consultant appears in Court charged with insider dealing
2nd February 2011In a case brought by the Financial Services Authority (FSA) Rupinder Sidhu (DOB 17/02/71), a management consultant, appeared before City of Westminster Magistrates' Court charged with 23 counts of insider dealing, contrary to section 52 of the Criminal Justice Act 1993 and one count of money laundering contrary to section 328(1) of the Proceeds of Crime Act 2002.
The offences relate to spread bets placed in relation to 18 different UK and European listed shares between 2008 and 2009.
Sidhu indicated pleas of not guilty to all charges. The proceedings were adjourned until the 2 March 2011 and Sidhu was remanded on conditional bail.
