Cazenove insider trading trial nears a verdict

By Harry Wilson Published: 6:00AM GMT 05 March 2010

Bertie Hatcher, who is incompetent to attend justice after being diagnosed with dementia, was pronounced to have offering justification opposite his crony Malcolm Calvert, 65, a former head of marketplace creation at the Queen"s broker Cazenove, since he was "scared" pronounced Hugo Keith, QC, defending.

Mr Calvert is purported to have destined Mr Hatcher to place trades value �1.3m in 6 companies in between 2003 and 2005 after reception inside report from an different source at his former employer. The companies were all concerned in successful takeover bids in that Cazenove was advising.

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Making his shutting matter at London"s Southwark Crown Court, Mr Keith, referring to an progressing idea by the charge that Mr Hatcher"s investment success represented an "astonishing cadence of luck", pronounced "it"s not 6 out of six, it is 6 out of forty". Forty is the sum series of successful takeover deals Cazenove worked over the duration in question.

Summing up has right away started in the case, with a outcome approaching subsequent week.