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The Financial Conduct Authority announced that Manjeet Mohal and Reshim Birk had pleaded guilty to three counts of insider dealing at their trial at the Central Criminal Court. Mr. Mohal pleaded guilty to two counts of illegal disclosure of inside information and Mr. Birk pleaded guilty to one count of insider dealing. They will be sentenced on January 13, 2017. The FCA's investigation was brought in relation to the proposed takeover of Logica by CGI Holdings (Europe) Ltd. Two other individuals have been successfully prosecuted for insider dealing in relation to the same transaction.
View the FCA's announcement.