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INSIDER TRADING CHARGES FILED FOR BANKER IN 2009’s CANON ACQUISITION OF OCE
A former investment banker at Mizuho International appeared at a London magistrates’ court on Tuesday to hear charges of insider trading and money-laundering brought against him by the Financial Services Authority.The City regulator alleges that Thomas Ammann, 38, passed inside information on the 2009 takeover of Oce NV a Dutch copier maker, by Canon that he gleaned while advising Canon as a Mizuho employee.He is accused of passing it to two other defendants who appeared on Tuesday alongside him – Christina Weckwerth, 43, and Jessica Mang, 29. They allegedly traded on the information for profit, which they then split with Mr Ammann.The three were bailed conditionally until their next appearance in October and their case is expected to be committed to the crown court in November.The defendants have yet to enter a plea. Insider trading carries a maximum seven-year jail term.
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