Outer Temple Chambers silk Michael Bowes QC has taken a leading role on a high-profile insider trading case that has pitted him against QCs from Doughty Street, Three Raymond Buildings, 2 Bedford Row and 2 Hare Court. The Financial Services Authority (FSA) has appointed Bowes to lead its prosecution of a group of seven men accused with running a £1m print room spread-bet scam. Southwark Crown Court has been told that the friends and their relatives obtained confidential takeover documents from high-security printing rooms at two of the City’s biggest investment banks.

1. Outer Temple silk
leads on £1m insider
trading case
Bark & Co

2. Outer Temple Chambers silk Michael Bowes QC
has taken a leading role on a high-profile
insider trading case that has pitted him against
QCs from Doughty Street, Three Raymond
Buildings, 2 Bedford Row and 2 Hare Court.

3. The Financial Services
Authority (FSA) has
appointed Bowes to
lead its prosecution of
a group of seven men
accused with running
a £1m print room
spread-bet scam.
Southwark Crown
Court has been told
that the friends and
their relatives
obtained confidential
takeover documents
from high-security
printing rooms at two
of the City’s biggest
investment banks.

5. Saini’s legal team is Furnival Chambers QC John
Charles Rees and 2 Bedford Row’s Tim Hogman,
instructed by Bark & Co senior solicitor Maria Stalbow.
Paresh Shah is defended by Doughty Street Chambers’
Edward Rees QC and Robin Barclay of 2 Hare Court,
instructed by Byrne & Partners.
Neten Shah’s QC is Anthony Shaw of 18 Red Lion Court
and 2 Bedford Row’s Maria Dineen, instructed by
Crowell & Moring partner Gerallt Owen.
Three Raymond Buildings’ Patrick Gibbs QC and Alison
Pople of 2 Bedford Row are representing Bijal Shah on
the instruction of Birds Solicitors partner Steven Bird.

6. Patel’s legal team is made up of 2 Bedford Row’s Peter Lodder QC
and Jonathan Goldring, a director at Bankside Law.
Spread betting company City Index broker Mitesh Shah, who the
FSA claims assisted the other defendants, is defended by Charter
Chambers’ Ian Bourne QC and Michael Shaw of 9-12 Bell Yard,
instructed by Whitworth & Green Solicitors lawyer Rajesh Shah.
The trial is ongoing. The men were arrested in July 2008 after
one of the FSA’s biggest ever investigations.
The case is among the biggest brought to court since the FSA
cracked down on insider trading after Margaret Cole took over its
enforcement division in 2005.
Cole will leave the City watchdog at the end of this month and will
go on gardening leave until the end of August (15 February 2012).