Jailed traders fined £1.7m

A PAIR of insider traders jailed two years ago have been ordered to repay £1.7m of ill-gotten gains.

Former banker Martyn Dodgson, 46, gleaned secret information about takeovers while working at Morgan Stanley, Lehman Brothers and Deutsche Bank.

He illegally passed this inside knowledge to his friend Andrew Hind, 58, who then bought shares in the firms involved.

Southwark Crown Court ordered Dodgson, who is now serving a four-anda-half year sentence, to cough up £1.1m. Hind, who was jailed for threeand-a-half years, has to repay £624,521.