A man has been arrested on suspicion of insider trading as part of an extensive investigation being carried out by the Garda National Economic Crime Bureau.
Gardai launched the investigation following a report from the Central Bank of Ireland, and the man is now detained in a south Dublin Garda Station for questioning.
A Garda spokesperson said: “The extensive investigation carried out by GNECB has progressed with the assistance of personnel attached to the Central Bank of Ireland and their expertise and experience has been invaluable.”
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They said this is one of several GNECB investigations which are ongoing to tackle Market Abuse in Ireland.
A statement released this morning confirmed: “Detectives from the Garda National Economic Crime Bureau today arrested a male for the offence of Insider Trading contrary to Regulation 5, European Union (Market Abuse) Regulations 2016, (S.I. No 349 of 2016).
“The investigation commenced following a report to the GNECB from the Central Bank of Ireland pursuant to Section 33AK of the Central Bank Act 1942 (as amended).
“The male is detained in a south Dublin Garda Station in accordance with the provisions of Section 4 of the Criminal Justice Act 1984.
“The extensive investigation carried out by GNECB has progressed with the assistance of personnel attached to the Central Bank of Ireland and their expertise and experience have been invaluable.
“This investigation is one of a number of ongoing investigations for Market Abuse at the Garda National Economic Crime Bureau.”
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