Ex-London Merchant Banker Charged With Fraud and Forgery by FCA

A former merchant banker in London was charged with fraud and forgery by the UK financial watchdog after he allegedly siphoned off millions of pounds from company accounts.

Henrik Schliemann, 61, was charged with nine criminal counts including fraud by abuse of position, the Financial Conduct Authority said in a statement Wednesday. Schliemann is accused of transferring around $1.45 million and €3.1 million ($3.6 million) from company accounts, the FCA said.

The regulator didn’t say at what bank he was working when the alleged wrongdoing took place.

Schliemann was a former executive at PMB Capital, a London-based merchant bank ...