The eight men arrested in the Financial Services Authority's largest investigation concerning insider dealing will face further questioning after being released without charge yesterday.
The eight, who include a contractor at Cazenove and a junior UBS employee, have been bailed to reappear at a police station, the FSA said.
Releasing suspects without charge is standard practice in such cases because of the complex nature of investigations. The FSA declined to give further details about the group of suspects, who are aged between 27 and 48. City sources indicated that at least one worked for a printing business involved in the production of sensitive bank information such as takeover documents.
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