(Reuters) - A former Deutsche Bank managing director and a chartered accountant were found guilty in a London court on Monday in an insider dealing case brought by the Financial Conduct Authority.
Three other men were acquitted in the case at Southwark Crown Court, the FCA said in a statement.
Martyn Dodgson, who joined Deutsche Bank in 2008, was accused of passing information on upcoming deals to Andrew Hind, who is also a property developer, after sourcing it from investment banks where he worked. Hind acted as a middle man.
Their conspiracy on insider dealing took place between November 2006 and March 2010.
"This was an extraordinary and complex case of a type not prosecuted in this country before," Mark Steward, director of Enforcement and Market Oversight at the FCA, said.
Deutsche Bank, which Dodgson left in 2010, declined to comment on the case. Dodgson and Hind will be sentenced at a later date.
(Reporting by Bhanu Pratap. Editing by Jane Merriman)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
