Banker charged with insider dealing

A banker who helped advise the Government on its stakes in part-nationalised banks has been charged following the UK's biggest probe into insider dealing.

Martyn Dodgson, who was a managing director in Deutsche Bank's corporate broking team, advised the Treasury on its stakes in Royal Bank of Scotland and Lloyds Banking Group.

He was one of four men charged by the Financial Services Authority (FSA) for involvement in insider dealing worth a reported £3 million.

Millionaire Iranian businessman Iraj Parvizi, Andrew Hind, Benjamin Anderson and Dodgson were all bailed to attend Westminster Magistrates' Court on October 19.

They are accused of conspiracy to insider deal between November 1 2006 and March 23 2010.

The charges arose from Operation Tabernula, a long-running joint investigation between the FSA and the Serious Organised Crime Agency.

It is the FSA's largest and most complex investigation of its kind. The organisation has previously secured 14 convictions for insider dealing, and is prosecuting four other individuals.