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Southwark Crown Court: ex-Goldman banker Mohammed Zina convicted on six insider dealing and three fraud by false representation counts; FCA case; brother acquitted, England and Wales

Published on: 15 February 2024

Published by a Law360 reporter
Legal News
Article summary

A former Goldman Sachs banker has been found guilty on six counts of insider dealing and three of fraud by false representation. At Southwark Crown Court, 35-year-old Mohammed Zina was convicted of exploiting inside information to execute trades and make more than £140,000 (US$176,000) from shares in six companies between July 2016 and November 2017. After five days of deliberation, jurors returned unanimous verdicts on the six insider dealing counts and three for fraud by false representation. His elder brother, Suhail, a former Clifford Chance solicitor, was acquitted of similar allegations at the same court on 5 February 2024. Zina, smartly dressed in a black suit, held his head in his hands as the jury delivered their decisions. Judge Tony Baumgartner remanded him in custody ahead of sentencing on 9 February 2024 at Southwark Crown Court...

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