Mr. & Mrs. Littlewood & Omar Sa’aid Pleaded Guilty To Insider Trading

A senior investment banker and former Financial Services Authority (FSA) Approved Person and his wife, Mr. Christian Littlewood and Mrs. Angie Littlewood (also known as Siew Yoon Lew and Angie Lew), and their family friend, Helmy Omar Sa’aid, have pleaded guilty to 8 counts of insider dealing as penalized under Section 52 of the Criminal Justice Act 1993.

The said insider dealing case is before the Southwark Crown Court in the United Kingdom at the instance of FSA. The Littlewoods allegedly have made approximately £590,000 profit from their trading of a number of London Stock Exchange and AIM listed shares between 2000 and 2008.  Such illegal transactions were put to an end only when the City of London Police, working with FSA staff, arrested the Littlewoods in March 2009.

The third defendant, Sa’aid was repatriated to the UK in March 2010 following the execution of a European Arrest Warrant in Mayotte, one of the Comoros Islands.

The full sentencing and confiscation hearing will take place starting 31 January 2011.


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