Insider trader gets extra 538 days in UK jail for not paying fine

April 28, 2015 2:01 PM

50 0

LONDON, April 28 (Reuters) - A man convicted of insider trading in Britain must spend another 538 days in jail after failing to pay a court order of more than 450,000 pounds ($680,000) in full, the Financial Conduct Authority (FCA) said on Tuesday.

Pardip Saini had been told to pay 464,565 pounds by March 12 after being sentenced to three years and six months in jail for insider dealing in 2012 in a high-profile case linked to the printing offices at UBS and JP Morgan Cazenove.

Also read: Belgian Deal Clears Way for EU-Canada Free Trade Pact

Read more

To category page