FSA takes latest insider dealing arrest to criminal court
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The FSA has commenced criminal proceedings against Helmy Omar Sa’aid for the offences of insider dealing and conspiracy to commit insider dealing.
Sa’aid appeared before the City of Westminster Magistrates’ Court today, charged with 13 counts of insider dealing and one count of conspiracy to commit insider dealing.
The offences relate to trading in a number of different London Stock Exchange and AIM listed shares between 2000 and 2009. Sa’aid has been remanded into custody and will appear on June 3 at Southwark Crown Court.
Sa’aid was arrested by the French authorities on March 15 in Mayotte, a French overseas territory in the Comoros Islands. He was returned to the UK yesterday with the help of the City of London Police.
The case is linked to that of Angie and Christian Littlewood who earlier this month were charged with 13 counts of insider dealing and one count of conspiracy to commit insider dealing.
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