A former senior executive of British Gas – one of the world’s biggest energy companies – has been convicted of two counts of insider trading in the New South Wales Supreme Court. Stuart Alfred Fysh, a former executive vice-president at British Gas (now known as BG Group Plc) was sentenced to two terms of imprisonment, worth two years and 18 months separately, on Wednesday.
The former high-flying executive, who earned in excess of $1.3 million a year before his employment with BG came to an end, was convicted of two counts of insider trading relating to his purchase of Queensland Gas Company (QGC) shares in December 2007. The illegal trades made him a net profit of $626,703.
via Ex-British Gas exec jailed over insider trading — Business Day