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Three charged with insider dealing

Offences relate to trading in shares of IT firm Logica.

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Three men have been charged with insider dealing as part of an investigation by the FCA.

Manjeet Singh Mohal, Reshim Birk and Surinder Pal Singh Sappal appeared before Westminster Magistrates’ court in respect of offences of insider dealing.

Mohal appeared in respect of two counts of insider dealing by disclosure of inside information, Birk in respect of one count of insider dealing by dealing in shares and options, and Sappal in respect of one count of insider dealing by dealing in shares.

The offences relate to trading in IT firm Logica shares in May and June 2012.

In March, former Logica group reporting and financial planning manager Ryan Willmott was jailed for 10 months in an insider dealing case brought by the FCA.

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