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https://www.ft.com/content/96495d75-bb00-3b03-977d-956897362b73

Ex-Logica analyst, neighbour avoid jail time in insider-trading sentence

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Caroline Binham January 13, 2017
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A former business analyst at Logica and his neighbour have avoided jail by receiving suspended sentences and community-work orders? after pleading guilty to insider trading around the company’s £1.7bn takeover in 2012.

Manjeet Singh Mohal, 59, and his neighbour in the London borough of Southall, Reshim Birk, 55, pleaded guilty one week into their jury trial in November, in the latest case of insider trading brought by the Financial Conduct Authority.

Birk, who netted about £100,000 in profit from shares and options in Logica after Mohal’s tip-off, was sentenced to 16 months, suspended over two years and 200 hours of community service. He will also have to pay £162,000 in confiscation as well as £42,000 of costs.

The prosecution could not prove benefit in Mohal’s case, so he will only pay £42,000 in costs. ?He received a 10-month sentence that was also suspended for two years. He must serve 180 hours of community service.

Judge Nicholas Cooke QC said he did not impose a custodial sentence because the men were of previous good character. He also took into account the delay since the offence in 2012.

“These are men of previous clean character; one made no benefit that can be proved. Those who commit financial crime can be hit in the pocket and given community work, even when it crosses the custodial threshold,” he said during sentencing. He said Birk was a “lucky man” not to be facing prison, given the amount he profited from insider trading.

Their sentencing nearly failed to happen on Friday after it emerged that Mohal had admitted different facts from those with which he had been originally charged.

Judge Cooke rebuked lawyers for both the defendants and FCA, warning that they risked putting the criminal justice system in disrepute. He said that unless the situation could be resolved, a so-called Newton hearing might be needed, or even that the plea might need to be vacated.

Newton hearings, which are rare, involve a judge rather than a jury determining the extent of a defendant’s guilt if he pleads to facts other than those with which he is charged.

Mohal’s lawyers and the FCA struck a last-minute deal, and the hearing proceeded six hours later than scheduled in an expedited process.

https://www.ft.com/content/9

This is really about the FCA complete failure to regulate and the FLYBE lack of governance and corrupt dealings

To say the FCA is no more than a chocolate teapot is an understatment.

Around two years ago the US Regulation authority slammed the FCA for its woeful action and to allow Offshore entitys to manipulate the London stockmarket, use illegal pratcies to circumvent regulations and destroy countires .

How did the FCA fail to act on previous dealings made by Och Ziff directors who are part of Cyrus capital?

Why is it the UK National Crime Agency turns a blind eye to the games of Simon Laffin and Warren Brady,Luccine Farrle and those are questions the City Minister should be asking and instructing the FCA to pursue.

Stepehn Barclay failed at the basics like Andrea Leadson did and now to cap it all John Glen as failed and if the UK chancellor is supposed to oversee the work these clowns did or did not do, and in John Glens case , how he is still in position.

Maybe Radio 4 and newpaper Journalist should focus there attention of the FCA as well as Flybe corrupt practices.

As for Raichard Branson, he as never succceeded in the airline industry, he as just rakced up monumental dent and sold it onto other airlines

Simon Laffin is a crook, he has not upheld governance of the company, and is complicit in its down fall to suit the crooks at Virgin and Stobart Namely warren Crook Brady and Richard Crook Banson. Worse is the failure of the FCA to enforce the suspension of Flybe share on the market the minute the drity deal was done in Luxemborg with Luccien Farell of cyrus and GM a real out and out Crook of the highest kind. Cyrus have been acting illlegally with the Flybe board and Laffin.

Lets be clear here about key issues everyone ducks.

First there was no open bidding process for Flybe, just a lot of smoke and mirror from Crook Laffin and his cohorts on nthe board of Flybe. Yes they are crooks, and if they and maitland want to say anything, they should remember they are in breach of the listing requirements and notices to the LSE.

Now to put meat on bones.
Only crooks like warren Brady, Richard Branson, Lucine Farrel would go to the trouble of set up offshore companys registred in Luxemborg to hide there dirt deals.

If you want to take it further , then I would suggest you get into the workings of OFC's and how they operate to snatch aseets and hide illicit deals.

As for Mr Tinkler, and Hosking, they are either interested of they are not in stopping thye rogues of connect airways.

Brokers should know the difference between a EGM /GM that fall outside the AGM to know its a corporate action and Laffin is a theiveing crook with so much to hide, I for one hope the former SFO lawyers nail the -artsad to a flag pole

Aphrodite
First your judicial system is not wothout problems and acts in ways that are lets say quetionable.

Your FCA is toothless and a fromer SFO prosecutor as demontsrated it before and taken to task your judicial systemm and government.

Saying that, if people want to ersist in covering and saying no other options for flybe, then yoiu are as corrupt as Flybe Branson Brady and co, who are all corrupt, commiting fraud with the help of the City Minister failure to act.

Taverham.

I have seen some crooks and companys listed on the LSE London, and it will continue. Investors will get wise and invest elsehwere and not in companys who primary listing is on the London Stock Exchange.

To be honest, I would not eveb bother selling at 1 p, and wont at 8p. If the City Minister, Transport Minister, FCA cant do there jobs and halt this fraud, then I actually belive Virgin Stobart Cyrus will get rid of 60% of the routes, sell off slots and the employees and unions will get what they deserve for not spoeaking up.

As for Hoskins, I wont hold my breath on it, but do know there is a way to go back to before the annpoucment of the sale for £2 million and put the money back investors lost, be it , that fallls on the FCA and Brokers with Flybe it can happen.

GLA

Taverham
Flybe RNS November 14th 2018
Formal Sale Process as Part of Strategic Review

November 16th 2018 tribunals Hearing Stobart Capital (Andrew Tinkler) verse Ian Soanes
Premilnarys heard in court, full case scheduled for February 19 2019 for 6 days.

November 23 RNS Flybe annouce in Virgin Atalantic in Talks with Flybe, no mention of consortium ?

January 11 2019 RNS Connect aorways offer
Janauary Jan 24 2019 RNS Overview of offer to shareholders. Signifcant part of RNS " The sale to Connect Airways of Flybe's trading subsidiaries is expected to complete by the longstop date of 22 February 2019. This will not require shareholder approval"

Questions why do the above events with Shady W Brady of Stobart, Branson Vigin Debt Atlantic seem to co-incide with Andrew Tinkler other litigation with is Stobart Capital as listed above.

Just a litttle fact, when Alaskan airlines brought Virgin America for $2.1 billion in 2016 and complted in 2017, the $2.1 billion included a debt Virgin America (Ricahrd Brasnom) had run up. THAT DEBT WAS $1.4 Billion, shows Mr Bransons record of aviation is not a good one, with Delta bailing out Virgin Aatalantic and then KLM Air France buying part of Virgin to cover other debts Branson had run up.

I would think Stobart problems are there for all to see , what happened to the 40 p they were willing to pay and flybe said no in Spring Last year.

Is Mr Tinkler buying of 12% of the shares in anyone interests other than ?

The key issues here are numerous.

OX42 timeline is invaluable and can assist a real investigative Journlaist who wants a real career , not the mickey mouse Journos who currently write.

Andrew Tinkler, was he the one who originally approached FLYBE , but was undermined by Ian Soanes who works for Warren Brady?
BRady , Branson, have a interesting history, but then most Krooks? do.

Having held flybe shares since mid 2016, I have seen the ups downs and games, but now if Personal Investors pull together , then they out number Flybe staff and the Flybe Board and the consortioum of Krooks known as Connect Airways.

What was Andrew Tinkler idea when he set this up
https://beta.companieshouse.gov.uk/company/10764370

Why did he demand the resignation of Ian Soanes Warren Brady mate.

If Hoskins are seroius , along with Standard Life, Tinkler and Personal Investors it should be quiet easy to run Connect airways out of town , that includes Stobart, Brady, Branson, Cyrus Capital, and the Flybe board

Evercore represented Virgin America when they sold to Alaskan Airlines who immediately removed Virgin Logos and and signage from all the aircraft.

Branson as FLYBE's COW in his pocket and as demonstarted befotre Virgin were unable to compete in the UK market with there business model, also they were unable to compete in the Fart East of Midddle East, Australia.

Stobart was metioned by COW In early November, but she did not name them by name, just by the sector.

COW could be facing more than she barganed for , and where serious crime is committed its the whole board and all non executive directors and the SFO can go back 3 years... Wonder how the ex director now at BA fledgling company feels

As stated earlier worth reading and seeing what Brady and Flybe, Cyrus, Branson had to gain last year. Brady a well known rogue dealer with Cyrus and others
https://assets.publishing.service.gov.uk/media/5c2f686340f0b66cf30dc401/Mr_I_Soanes_-v-_Stobart_Capital_Limited___Others_-_Case_Number_2204463_2018_-_Preliminary.pdf

W Brady as not escaped my attention and was instrumental in setting up connect airways with the Corrupt Crooks of Cyrus where Brady relationship with Lucien Farrel is well known.

T Rowe Paartners conduct a fair bit of business with Cyrus and Goldman Sachs.
T Rowe are interesting as they came into the picture when Flybe were supposedly were in talks with Stobart.

https://resources.vistair.com/resources/company-news/2017/04/vistair-appoints-former-easyjet-coo-warwick-brady-as-board-adviser/

Suggest a read of the following and how does it fit into the timetable of Stobart Rogues and Branson taking out Flybe

On Brady and his position, its a dirty area, but a quick look at a case to be heard on Feb 19 this year may throw some light on other issues. see the link
https://assets.publishing.service.gov.uk/media/5c2f686340f0b66cf30dc401/Mr_I_Soanes_-v-_Stobart_Capital_Limited___Others_-_Case_Number_2204463_2018_-_Preliminary.pdf

Fieldmouse, thanks for the article link.

The issue here is Journalists are not brave enough to lay out the facts.

A decent Journlaist will show the deciet , deception conducted by Warren Brady, Richard Branson, Luccien Farrel of Cyrus Hdge fund, and the FLYBE BOARD.

iTS NOT JUST THE DECEPTION AND CORRUPT WAY THEY WENT ABOUT IT, ITS THE FACT THEY SET OUT FRONM OUTSET TO TAKE THE ASSETS AND PAY THE BOARD TO DO SO WITH UNSEEN PAYMENTS AND CONTINOUS EMPLOYMENT.

If the SFO fail to act in a case like thiis where the corruption is so blatant , then 100,000 personal investors will stop investing in UK companys and look at companys on other markets where organisations like SEC hold to account this type of practice of defrauding investors.

Richard Branson brand will be dammaged and if he can not stand up and act with honesty, integrity, then Virgin Atlantic will suffer. As for Stobart, lets face facts, they have been embroiled in baord room problems, illegal payments for years and Warren Brady record in the aviation stinks

Mitch if you look through RNS Aberforth held around 18% in August , UBS held 8%, and an Israeli Investment fund did hold 5% , the latter of those three asa a record of illicit deals

Micth
Aberforth were largest Holdders I belive and they held shares for Welcome Trust.

If the finger of blame is to be pointed, then I would say its them a T Rowe, but as with all Holding institutions, they move them around between eacxh other off market regualry to drive companys in directions they want to change.

Taverham..if you were contacted by email or contacted Hoskins, or others have been. Surley Hoskins would advertise for shareholders to come forward ? those who would back there move?

I would not comment on Hoskins lawyers, or supposedly Norton Rose, but they Hoskis dont seem to be able to get there act together as yet.

962962

I contacted our broker two weeks ago and had an exchange of messages some by email. The culmination was that I sugggested they raise my enquiry and complaint with the FCA, and that was based on the company( Broker) not bien g provided with correct details on Corp Action, plus they should know any meeting organzied at short notice like a EGM is a Corp event , anything that requires shareholders vote should have raised eyebrows in any brokers, not just my own.

The agreement we came to was simple, the broker to lodge complaint to the FCA on spurious information provided by Flybe , which disenfranchised voters . Broker to agree they would pursue the matter on clients behalf and involve there own governance department, as they stated they were deliberatley misled.

Saying the above, I did make the point ,every broker carry the responsibility to check information sent out by listed companys and circulars is not an excuse not to check.

I had already sought legal advise on the issue before puting our broker under the spotlight, but they have taken it up and I will be recieiving a copy letter of what they submit to the FCA. I have also requested they submit the same to the SFO, and my reason is simple.

Flybe and its advisors and consortium have imo set out to comit serious fraud, and there is no other way of stating this.

No amount of massaging the media by Branson, Flybe , Brady, Stobart, Cyrus etc can be used as cover , saying it saves jobs and a company is so far from reality, only somone as daft as the City Minister would believe such tripe.

I dont see the media covering much for shareholders, and going by some of past issues on the LSE exchange, newspaper our in the pockets of the few and there are quiet a few instances of Journalists being told to pull news, not to pursue it any more and to bury it.

I am afraid to say a lot of these events have occurred since 2008 crash and involve many Tory Mps

At Maitland is full of BS and stupidly he as ;left a trail of his woeful failure and decpetion.

E mail cops went to the FCA in early November on Maitland before the deception was enacted and they wwent to a lawyer of some standing to pass to the SFO after thye city minister failed and refused to act

Pianista.

You go after the whole board, transferring to a bent corrupt consortium ,makes no difference.
The Board sanctioned the corruption and so did Maitland take place,.

Its a UK trait, accept and cover up.

The FCA wont act, and the reasonn is the Minsister of the City refuses to get involved John Glen a wet Tory fart

Hoskins going after Laffin is a red herring.

The whole board are complicit is fraud corrruption and deception, its really very simple.

The CEO is a out right Rogue, but then so is W Brady and Branson, like Cyrus.

Time folks woke upto the whole board acted as one, not one descenting voice or resignation from FLYBE board as been forrthcomming, so it tell a simple story.

Corrupt to the core

Wwhen this debacle unravelled I decided not to use FLYBE , and as much as being local and supporting it , I can not anymore .

The best route would be court action and remove the board, it can not be just Laffin, the other board members are not nodding dogs, they are supposed to up hold Governance.
Try reading the link any many links are valid or even open. https://www.flybe.com/corporate/governance

Why is Hoskins action only to remove a NON EXECUTIVE DIRECTOR, ? He is not the CEO or cfo?
https://www.flybe.com/media/management-team

Hoskins action is welcome, but its not only misguided, it lets off the entire board and goes after a NON EXECUTIVE DIRECTOR.

Go figure that.

The more jobs lost the better, as that is the only way the likes of Standard Life Hoskins and other institution will get there heads round it.

Have Hoskins stated why they did not oppose the change of listing?