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0 The UK financial regulator has launched criminal proceedings against five people, including a former analyst at fund manager Janus Henderson, for conspiracy to commit insider dealing and money laundering.
Redinel Korfuzi, Oerta Korfuzi, Iva Spahiu, Rogerio de Aquino and Dema Almeziad conspired to commit insider dealing offences between December 2019 and March 2021, the Financial Conduct Authority alleged on Wednesday.
The FCA claims that Redinel Korfuzi used confidential inside information gleaned from his job as an analyst at Janus Henderson to enable profitable trading in 49 companies through accounts held by his alleged co-conspirators.
The defendants used derivative products relating to each company and bet that the value of shares would go down after announcements, generating profits of around £1.5mn, the FCA alleges.
The five have also been charged with money laundering offences relating to over 170 cash deposits totalling approximately £200,000.
The defendants appeared at Westminster Magistrates court on Wednesday. They have all indicated that they will plead not guilty at a hearing at Southwark Crown Court on February 22.
A spokesperson for Janus Henderson said: “We can confirm that the person who has been charged was a former employee of Janus Henderson. We cannot comment on ongoing criminal proceedings. The protection of confidential information is extremely important to Janus Henderson. The firm treats any actual or suspected misuse of confidential information with the greatest seriousness. Neither the firm, nor any employee of the firm, is the subject of these proceedings.”
