Ex-UBS Official Shared Giant Champagne Bottles at Trader’s Club
- Choucair, Abdel-Malek on trial for insider trading in London
- Abdel-Malek accused of giving Choucair confidential deal tips
Walid Choucair arrives at Southwark Crown Court in London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
An investor accused of illegally receiving trading tips from a former UBS Group AG compliance officer regularly spent thousands of pounds on giant bottles of champagne at Tramp, a private members club in London’s upmarket Mayfair neighborhood.
Walid Choucair has been a Tramp member since 2001 and has gone about twice a month, the club’s General Manager David Fleming told a London jury on Wednesday, when he testified at the insider-trading trial of Choucair and ex-UBS compliance officer Fabiana Abdel-Malek.