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The trial…

The trial of a colleague and an associate of cross-dressing fund manager Peter Young opened at Kingston Crown Court on Monday and is expected to last at least six months.

Former Morgan Grenfell fund manager Stewart Armer and Norwegian stockbroker Erik Langaker are facing charges of conspiracy to defraud and breaching the UK Financial Services Act.

A trial of the facts on Young&#39s role has been postponed until next year.

The group are alleged to have been involved with a string of Luxemburg-based companies established in the mid1990s to cover up over-investment in unquoted stocks by Morgan Grenfell&#39s European unit trusts.

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