Thursday 25 March 2010

Fostering a climate of suspicion

As the Financial Services Authority dons the marigolds to probe deeper into the Square Mile's bowels, I wonder what percentage of City investors will be suspected of skulduggery? Absolutely loads if this (entirely unrepresentative) extrapolation from a 2008 market report filed by the Daily Mail's veteran hack, Geoff Foster, is a guide.
In his report Foster innocently mentions the names of three investors. Of the trio, my old friend Achilleas Kallakis is due to appear in Southwark Crown Court in May on fraud charges, while I read that Iraj Parvizi has just been nicked for supposedly being part of an alleged insider trading ring.

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