Seven accused of insider dealing

SEVEN people have been charged in relation to insider dealing involving alleged unlawful profits of about £2.5 million.

The Financial Services Authority (FSA), which said the charges are based on allegations covering a two-year period, said a warrant for the arrest of an eighth person has also been issued.

The FSA said the suspects were subject to a total of 13 charges relating to "conspiracy to deal on inside information obtained by the defendants from two major investment banks".

The seven have been bailed and will appear at City of Westminster Magistrates' Court 14 April.