Former investment banker at Shore Capital Group Plc and Commerzbank AG’s Dresdner Kleinwort, Christian Littlewood and his wife, Angie Littlewood, have been charged with 13 counts of insider dealing contrary to s. 53 of the Criminal Justice Act 1993. They have also been charged with one count of conspiracy to commit insider dealing contrary to s.1 of the Criminal Law Act 1977. The offences relate to trading in a number of different London Stock Exchange and AIM listed shares between 2000 - 2009.
A third suspect, Mr Helmy Omar Sa'aid, has also been arrested by the French authorities in Mayotte, a French overseas territory in the Comoros Islands, pursuant to a European Arrest Warrant issued by City of Westminster Magistrates' Court at the request of the FSA. The FSA has now commenced insider dealing proceedings against him. This is the first time that the FSA has sought to extradite a suspect from abroad to face criminal charges in the UK. Mr Sa'aid will appear at Southwark Crown Court on 3 June 2010.