Former analyst guilty of insider dealing and fraud

Following a 12-week trial brought by the FCA, Mr Mohammed Zina has been sentenced to 22 months’ imprisonment for insider dealing and fraud.

Through his analyst role at Goldman Sachs International , Mr Zina came into possession of inside information relating to potential M&A deals his employer was advising on. Mr Zina used this inside information to deal in six shareholdings, making a profit of c.£140,486. The trading was partly funded by three loans totalling £95,000 which Mr Zina fraudulently obtained from Tesco Bank.