Odey Faces ‘Fit and Proper’ Test as UK’s FCA Contacts Police (1)

The UK financial regulator said it’s in contact with the police about allegations of sexual assault against Crispin Odey as it investigates whether the hedge fund manager passes its ‘fit and proper’ test to operate in the financial industry.

The Financial Conduct Authority said that as some of the allegations are “potentially criminal” it has been in touch with the police, according to a July 3 letter to UK lawmakers. The FCA is focusing on allegations that Odey dismissed the executive committee at Odey Asset Management for “an improper purpose” and said its enforcement arm is leading the investigation.

WATCH: The FCA said it’s in contact with the police about allegations of sexual assault against Crispin Odey.

Source: Bloomberg