A former trader at hedge fund group AKO Capital, Anjam Ahmad, on Tuesday received a 10-month imprisonment, suspended for two years, 300 hours of unpaid work in the community and was fined £50,000 (€59,869) for insider dealing in a criminal case brought against him by the UK Financial Services Authority.

The charge related to trading in 22 individual shares between June and August 2009, and followed the search and arrest of Ahmad and two other men on January 28.