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Keydata founder Steward Ford is seeking to ban FSA staff who saw protected attorney-client e-mails from being involved in an investigation into the company.
In October, Ford won a landmark High Court judgement against the FSA, which was found to have acted unlawfully in its use of the legally-privileged emails in its enforcement investigation.
At a hearing yesterday, Ford told a judge the FSA should now exclude from its investigation anyone who saw the emails, Bloomberg reports.
He also wants the regulator to hand over any communications with other agencies to which it sent the material, including the Serious Fraud Office and the Insolvency Service in Britain and financial watchdogs in Luxembourg and the Cayman Islands.
Hodge Malek, one of Ford's lawyers, said: "We want to know who at the FSA has seen the material. We say those people should be taken off the case."
He also said the distribution of the emails to other agencies showed the FSA was "hell-bent" on bringing Ford down.
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Can you believe the FSA have, yet again, breached one of the oldest pillars of democracy, the right to a fair trial.Can you imagine in any other case if the opposition had breached client lawyer privilige?? Of course not. The FSA have been judge , jury , executioner and im glad someone has shown them up. This is only the tip of the iceberg, they have been charging IFAs for years for levy's that we have nothing to do with us....I didnt even sell a Keydata product and ive had to pay a huge fee. No discussion, no appeal, pay it or your out. Hitler would have been proud. The talk of bankers taking huge bonuses is on TV everyday, how about we discuss the amount of money that has been wasted on a case where the FSA lawyers cannot even get the basics of confidentiality right ????
Posted by: IFA Fury- Not good enough
IFA Fury is right
The concept of investor protection is obviously vital but the way the FSA has hijacked and perverted that laudible goal to one of empire building bully boys feathering the nests of its senior jobsworths is disgusting. How the government can even consider Sants fit, after he told parliament that they don't tell him what to do, he decides it himself, to lead the FCA beggars belief. The FSA staff MUST be humbled and made to realise that being charged with IMPLEMENTING the law does NOT put them ABOVE the law. The FSA should lead by example, instead the example they set is as rotten as any you might find in a third world cesspit.
Posted by: Michael Both
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See no evil
How about those who heard what was in the emails? What about those who can imagine what is in the emails?
Posted by: Exasperated Me