The US crackdown on insider trading widened on Wednesday as the SEC accused four people, including former employees of Lazard and TPG, of trading improprieties involving some of the decade’s biggest deals. Adnan Zaman, a former vice-president at Lazard investment bank, and Vinayak Gowrish, a former associate at buy-out firm TPG, allegedly gave confidential information about five deals – including the $45bn leveraged buy-out of TXU in 2007 by KKR, TPG and Goldman Sachs – to two friends in exchange for cash and other items of value.

This entry was posted by Gwen Robinson on Thursday, December 17th, 2009 at 4:53 and is featured in The 6am Cut London (17 Dec 2009) . Tagged with lazard, sec, tpg. Edit this entry.