UK FCA Imposes £5.95 Million Fine and Industry Ban for CEO in Cum-Ex Case

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Friday, March 29, 2024
Author: 
Bruce Zagaris
Volume: 
40
Issue: 
4
Abstract: 

On March 18, 2024, the Financial Conduct Authority (FCA) decided to impose a fine of £5.95 Million on Nailesh Teraiya, formerly the sole controller and chief executive of Indigo Global Partners Limited (Indigo), and to prohibit him from carrying out any regulated activity.