Cazenove’s Calvert found guilty of insider trading March 10, 2010 MALCOLM Calvert, a former partner at Cazenove, has been found guilty of five counts of insider trading and faces up to seven years behind bars. The verdict was reached at Southwark Crown Court yesterday and he will be sentenced at 2pm today. Calvert, from the stockbroker belt village of Cobham in Surrey, is the fifth [...]
CALVERT DECLINES TO TESTIFY March 3, 2010 FORMER Cazenove partner Malcolm Calvert standing trial at Southwark Crown Court for 12 counts of alleged insider dealing declined to give evidence in his defence yesterday. Calvert is accused of using secret information gleaned from a source within Cazenove to instruct an accomplice to buy shares ahead of six takeovers. The Financial Services Authority is [...]
Malcolm Calvert’s insider trader trial is postponed February 15, 2010 Former banker Malcolm Calvert appeared for the opening of his insider trading trial yesterday. He is charged with 12 counts of insider dealing after he left Cazenove in 2000. The Financial Services Authority, which has brought the charges, claims he illegally traded shares in six companies including HP Bulmer and RAC between 2003 and 2005. [...]
Four politicians to face charges over expenses February 4, 2010 FOUR politicians will face criminal charges over their expenses, the Crown Prosecution Service (CPS) has said. MPs Elliot Morley, Jim Devine, David Chaytor and peer Lord Hanningfield will face charges under the Theft Act. In a joint statement the MPs said they denied any wrongdoing and would “defend our position robustly”. Police have investigated a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 24, 2010 THE SUNDAYS The Sunday Telegraph TCHENGUIZ BROTHERS IN £2BN BANK CLAIMS Companies linked to Robert and Vincent Tchenguiz, the property entrepreneurs, have filed creditors’ claims totalling £2.26bn against Kaupthing, despite being among the failed Icelandic bank’s biggest borrowers. It emerged last summer that Robert Tchenguiz had borrowed €1.7bn (£1.5bn) from the bank and Vincent Tchenguiz [...]
Website founder faces jail January 14, 2010 The founder of a global criminal website that traded stolen financial details is facing jail. Renukanth Subramaniam, 33, ran Darkmarket from an internet café in Wembley, enabling criminals to buy the stolencredit card details of tens of thousands of people. Subramaniam yesterday pleaded guilty at Blackfriars Crown Court to conspiracy to defraud and furnishing false [...]
Redknapp hit with tax evasion charge January 14, 2010 TOTTENHAM manager Harry Redknapp will appear in court next month after being charged with two counts of tax evasion. Redknapp, 62, is accused of cheating the public revenue of around £40,000, relating to two payments totalling £183,000 from former Portsmouth chairman Milan Mandaric. Ex-Pompey manager Redknapp was charged yesterday after voluntarily attending Bishopsgate police station [...]
Rory has the world at his feet November 16, 2009 ON THE GREENS WITH SAM TORRANCERORY MCILROY could enjoy his crowing glory in Dubai this Sunday, but whatever happens, 2009 will always go down as the year when a new golfing superstar was born. At 20, young Rory could become the second youngest European No1 behind Seve Ballesteros this week if he holds off rivals [...]
SPORT IN BRIEF November 16, 2009 De la Hoya backs HayeBOXING: Oscar De La Hoya believes Britain’s new heavyweight champion David Haye can take the world by storm. Haye took the WBA belt after beating Russian giant Nikolai Valuev in Germany ten days ago and De La Hoya’s Golden Boy Promotions believe he can set the division alight both sides of [...]
FSA wins second insider trading prosecution case November 4, 2009 A COURT has found a former corporate broker intern and his father guilty of insider trading that netted them about £110,000. Southwark Crown Court found Matthew Uberoi and his father Neel Uberoi guilty of 12 counts of insider dealing in the second such criminal case brought by the Financial Services Authority (FSA). Neel Uberoi made [...]