A CITY banker and his wife convicted of one of the biggest insider trading deals bought to a UK court have been ordered to repay more than £1.5 million they illegally obtained.
Christian and Angie Littlewood were each ordered to pay back £767,000, following a confiscation order bought by the Financial Services Authority (FSA).
Mr Littlewood, 37, a former senior investment banker, was jailed for three years and four months in 2011 for tipping off his wife to invest hundreds of thousands of pounds in companies when he learned their share price was set to increase.
Mrs Littlewood, 39, who traded under her Chinese name, Siew Yoon Lew, was sentenced to 12 months’ imprisonment suspended for two years.
If the cash is not paid within six months, they will be liable to serve an extra three years in jail. They have also been banned from carrying out any function in relation to any regulated activity under the Financial Services and Markets Act.