On Monday, the U.K.’s FSA charged Christian Littlewood, a former Dresdner Bank executive, and his wife, Angie Littlewood, with 13 counts of insider trading and one count of conspiracy to commit insider dealing. The WSJ reports that according to the FSA, a third suspect was arrested in Mayotte, a French territory. The arrest reportedly marks the FSA’s first-ever request for extradition of a suspect from abroad to face criminal charges in the U.K.
The FSA alleges that insider trading occurred in a number of U.K.-listed stocks between 2000 and 2009, during which Christian Littlewood was a director at Dresdner Kleinwort Ltd. Mr. Littlewood and his wife were arrested on March 31, 2009, and are free on bail.
