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U.K. Court Orders Inside Trader Sidhu to Repay $923,000 Profits

May 8 (Bloomberg) -- A U.K. court ordered Rupinder Sidhu, a convicted insider trader, to pay 572,000 pounds ($923,000) to the U.K. Financial Services Authority or face an additional five years in prison.

Sidhu, sentenced to two years in prison in December, must pay back the profit he made trading on inside information, within 28 days, the FSA said in a statement on its website today.

To contact the reporter on this story: Ben Moshinsky in London at bmoshinsky@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

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