A 64-year-old man was arrested yesterday by the City of London Police Economic Crime Directorate on suspicion of money laundering and providing false information in connection with suspected insider dealing.
The arrest was related to an ongoing investigation by the Financial Services Authority (FSA). Following questioning under caution by FSA staff, he was released on police bail pending further enquiries.
Following the arrest a premises in Potters Bar was also searched as part of the investigation.
No further details can be confirmed at this time and the investigation continues.