Following an investigation by the Financial Conduct Authority (FCA), Charanjit Sandhu of Grays, Essex, has appeared before the City of London Magistrates Court charged with conspiracy to defraud, together with offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.
The offences relate to the promotion and sale of shares through a succession of four alleged ‘boiler room’ companies, all of which traded from Docklands, London.
The FCA has already charged five other defendants as a result of the investigation in June 2016.
Mr Sandhu’s case was sent to Southwark Crown Court.