The Financial Conduct Authority has seen to it that Charanjit Sandhu of Grays, Essex, has been charged with conspiracy to defraud, together with offences under the Financial Services and Markets Act 2000 and the Fraud Act 2006.

Sandhu (born 1989) had to appear before the City of London Magistrates Court last week, from where his case was sent to Southwark Crown Court. His offences relate to the promotion and sale of shares through a succession of four alleged ‘boiler room’ companies, all of which traded from Docklands in London. The FCA charged five other defendants in June as a result of the investigation.

The five other defendants are Michael Nascimento (born 28/06/1977); Hugh Edwards (born 13/07/1982); Stuart Rea (born 12/02/1968); Ryan Parker (previously known as Ryan Sell, born 26/11/1992) and Jeannine Lewis (born 15/09/1967), all of whom live in London and the South East. They were charged with the same offences as Sandhu.