BROTHERS from Stoke Newington, north London, have have denied insider trading and fraud charges in a case brought by the City regulator.
Former Goldman Sachs employee Mohammed Zina and his lawyer brother Suhail, both 33, pleaded not guilty to six counts of insider dealing and three counts of fraud at Southwark crown court earlier this week, according to a report in The Times.
The siblings are accused of netting more than £140,000 between July 15, 2016 and December 4, 2017.
Mohammed worked in a part of Goldman that checked for conflicts of interest between it and its clients, while Suhail was a solicitor at Clifford Chance, a leading City law firm, the report said.
The Financial Conduct Authority (FCA) has alleged that the total profit from the insider dealing was about £142,000. The offences involved trading in Arm Holdings, Alternative Networks, Punch Taverns, Shawbrook, HSN and Snyder’s-Lance, The Times report added.
The brothers were further accused of fraud relating to three personal loans obtained from Tesco Bank totalling £95,000. They allegedly claimed that the loans were for funding home improvements, but the money was used instead to fund their alleged insider dealing, the regulator claimed.
According to FCA, the pair had access to confidential information available to members of the conflicts resolution group at Goldman Sachs. The group evaluates advisory, financing, principal investing, lending and other activities to identify actual or perceived conflicts of interest.
Fraud carries a maximum penalty of ten years in prison and insider trading up to seven years. The brothers are on unconditional bail and will be tried at the same court on April 4 next year, the media report further said.
Moglai Bap and Mo Chara of Kneecap perform at Glastonbury Festival at Worthy Farm in Pilton, Somerset, Britain, June 28, 2025. REUTERS/Jaimi Joy
Police may probe anti-Israel comments at Glastonbury
BRITISH police said they were considering whether to launch an investigation after performers at Glastonbury Festival made anti-Israel comments during their shows.
"We are aware of the comments made by acts on the West Holts Stage at Glastonbury Festival this afternoon," Avon and Somerset Police, in western England, said on X late on Saturday (28).
Irish hip-hop group Kneecap and punk duo Bob Vylan made anti-Israeli chants in separate shows on the West Holts stage on Saturday. One of the members of Bob Vylan chanted "Death, death, to the IDF" in a reference to the Israel Defense Forces.
"Video evidence will be assessed by officers to determine whether any offences may have been committed that would require a criminal investigation," the police statement said.
The Israeli Embassy in Britain said it was "deeply disturbed by the inflammatory and hateful rhetoric expressed on stage at the Glastonbury Festival".
Prime minister Keir Starmer said earlier this month it was "not appropriate" for Kneecap to appear at Glastonbury.
The band's frontman Liam Óg Ó hAnnaidh was charged with a terrorism offence last month for allegedly displaying a flag in support of Iran-backed militant group Hezbollah at a concert in November. He has denied the charge.
A British government minister said it was appalling that the anti-Israel chants had been made at Glastonbury, and that the festival's organisers and the BBC broadcaster - which is showing the event - had questions to answer.
Health secretary Wes Streeting said he was also appalled by violence committed by Israeli settlers in the occupied West Bank.
"I'd also say to the Israeli Embassy, get your own house in order in terms of the conduct of your own citizens and the settlers in the West Bank," Streeting told Sky News.
"I wish they'd take the violence of their own citizens towards Palestinians more seriously," he said.
(Reuters)