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A court in London, a court of Goldman Sachs, must pay internal circulation and fraud.
Muhammad Zina, who was I am convicted of dealing with the informed Last year, he was sentenced to 22 months in prison, he was ordered to pay 586,711 pounds by a judge in the Southern Crown Court on Wednesday, according to the court and the financial behavior authority, which ruled the case.
The court found that Zina had benefited from 1.1 million pounds from his behavior, including Trading from the inside And fraudulently removed loans from Tesco Bank. Zina was ordered to pay the amount available from its current assets, according to FCA records and court.
Zina, 36, was tried, along with his brother, a former lawyer for the “Magic Circle” company in the United Kingdom in Kelford Chinese in one of the most inflammatory issues at the FCA level in recent years. A unanimous jury found a guilty on all nine charges of internal circulation and fraud.
Fein's brother, Suhail Vienna, was Innocent before the trial ends After FCA withdrew the charges of fraud against him and the court ruled that there is no case to answer.
During the trial, the jury heard how Zina achieved about 140,000 pounds of profits from trading on stocks including ARM Arm Punch Tavens Punch Taverns. Its largest gains were about 55,000 pounds in trading in the American company Snyder's Lance.
Judge Tony Bumgartner said in the ruling on Zina in February last year. “I have lost your reputation now, and it is likely not to be reliable to work as this responsibility again.”
The Zina case was the first condemnation to deal with the agency in the agency five years, after the Power period of the regulator, partly affected by the Covid-19 structures and the accumulation of the court. He has chosen the number of cases that has been dealt with from within since then with a number that is currently going through the courts.
Zina has three months to pay the confiscation order. Failure to pay the virtual prison sentence for five years will lead.
“Dealing from the inside hurts the integrity of our markets. The Teres Chambers, the joint executive director of enforcement and control in the market, said in a statement on Friday:
Zina's lawyer did not immediately respond to a request for comment.
