Last week, a former Goldman Sachs International analyst was found guilty of insider trading and fraud at Southwark Crown Court, in a case brought by the Financial Conduct Authority (FCA).

Mohammed Zina worked at the bank between 2014 and 2017, joining the Conflicts Resolution Group in 2016. Through this role, he came into possession of inside information relating to potential mergers and acquisitions that the bank was advising on.

Between July 2016 and December 2017, he dealt in six shareholdings using this inside information, including designer Arm Holdings and pub company Punch Taverns.

Zina partly funded the trading by three loans, fraudulently obtained from Tesco Bank, totalling £95,000, and made a profit of about £140,486.

He had faced six counts of insider dealing, and three counts of fraud, and was found guilty on all counts after a 12-week trial.

Zina’s brother Suhail had also originally been included in the trial, but was acquitted of all counts, after the fraud charges were discontinued and the insider dealing counts were deemed insufficient.

Neil Swift spoke to the Financial Times about the case, saying that the FCA would be “delighted” to have secured a conviction “after a period of relative inactivity in terms of criminal enforcement”.