The Financial Conduct Authority has actually validated its examination into Odey Asset Management and its creator Crispin Odey for the very first time and protected its “intensive” oversight of the hedge fund.
In a letter to the Treasury choose committee released on Wednesday, FCA president Nikhil Rathi said that “in the exceptional circumstances of this case, it is necessary and appropriate for me to confirm to the committee that the FCA has ongoing investigations into both Mr Crispin Odey and Odey Asset Management LLP”.
The examination into Odey is concentrated on “allegations that he dismissed OAM’s Executive Committee for an improper purpose,” Rathi composed, including that the FCA would likewise take a look at whether he had “failed to comply” with guidelines on stability, due ability, care and diligence.
The Financial Times last month revealed that 13 ladies declared they had actually been sexually bugged or attacked by Crispin Odey. He strenuously rejects the accusations.