By Harry Wilson, Ben Harrington and Lucy Cockcroft 1225PM GMT twenty-four March 2010
The Dailyhas identified Iraj Parvizi, 44, a executive of Romford-based account Aria Capital, as one of the men endangered in the FSAs largest ever review of an purported insider trade ring.
Mr Parvizis London prosaic was yesterday visited by the authorities as the FSA and SOCA launched sixteen coexisting raids of addresses in and around the collateral in tie with an insider trade review that has drawn in a little of Europes heading monetary institutions.
Top banks drawn in to FSA swoop on "insider dealing" Bank of England and FSA need to recollect bureaucrats cant mark item froth Pearl seeks �500m and London marketplace inventory Sants in credit predicament notice to consumers Chris Ronnie dangling from JJB Sports FSA launches review in to JJB share movementsAttempts by a Dailyreporter to hit Mr Parvizi at his grassed area prosaic on the belligerent construction of a palace retard in the heart of Mayfair were unsuccessful. A doorman at the construction pronounced that military had visited the premises progressing in the day.
Leading banks BNP Paribas and Deutsche Bank, sidestep account Moore Capital, and boutique broking organisation Novum Securities have all been drawn in to the review of the purported insider trade ring.
Yesterday the Dailyidentified Clive Roberts, head of European sales trade at Exane, in that BNP Paribas owns a 50pc stake, as one of the men endangered in the corner FSA and SOCA investigation.
A Deutsche Bank handling director, Martyn Dodgson, is additionally accepted to have been questioned by the authorities in tie with the investigation, according to reports. A orator for the bank pronounced last night that it was co-operating with the FSA investigation, but declined to endorse the temperament of the particular concerned.
Moore Capital equity merchant Julian Rifat was yesterday put on executive leave by the sidestep fund, after the London bureau was raided. The account pronounced the merchant was not concerned in handling any of the clients income and that it was "co-operating fully" with the FSA.
Boutique London attorney Novum Securities has additionally been drawn in to the review after one of the traders, identified as Graeme Shelley, was questioned by the authorities. A physical education instructor at Novum Securities declined to criticism on the investigation.
Nearly 150 FSA staff were concerned in yesterdays raids, that were conducted with await from SOCA officers in the initial corner review conducted by the dual organisations.
Six men were arrested by the authorities. Two were described as "city professionals at heading city institutions", whilst a third was pronounced to be a "city veteran at a sidestep fund".
The raids follow a some-more than two-year review by the FSA and SOCA in to what they pronounced was a "sophisticated and long-running insider traffic ring".
Additional stating by Helia Ebrahimi and Philip Aldrick
