The FSA has issued a press release stating that Christian Littlewood, a senior investment banker, and his wife Angie Littlewood have been charged with 13 counts of insider dealing. They have been bailed to attend City of Westminster Magistrates’ Court on 6 April 2010. The offences relate to trading in a number of different London Stock Exchange and AIM listed shares between 2000 and 2009.
A third suspect has also been arrested in Mayotte, a French overseas territory in the Comoros Islands. He is due to appear before a local court later this week in relation to a request for extradition to the UK to face charges of insider dealing. This is the first time that the FSA has sought the extradition of a suspect from abroad to face criminal charges in the UK.