Regulation  

Threadneedle trader guilty of £141m fraud

“Due to the international scale of this fraud the prosecution team considered millions of pieces of evidence and make arrangements to call witnesses from across the world in order to present a compelling case to the jury. 

“The assistance of both Otkritie Securities Limited and Threadneedle Asset Management in providing evidence to the police was crucial and this complex prosecution could not have gone ahead without their support.” 

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Urumov was convicted of two counts of conspiracy to defraud, two counts of conspiracy to commit fraud by false representation and one count of conspiracy to commit money laundering. 

Gersamia was convicted of two counts of conspiracy to defraud and one count of conspiracy to commit money laundering. 

Yulia Balk and Alessandro Gherzi were found not guilty. 

emma.hughes@ft.com