City analyst accused of £1 million insider trading

A former City analyst is on trial for insider trading that allegedly earned him nearly £1 million during the pandemic. The analyst, Redinel Korfuzi, 37, worked for Janus Henderson and faces charges of conspiracy to commit insider dealing and money laundering. His sister, Oerta Korfuzi, and two others are also charged. During the trial, a colleague testified that communication was challenging while working from home. Jamie Ross, a portfolio manager at Janus Henderson, explained how remote work affected their discussions about investments. Before the lockdown, they frequently talked in the office. Afterward, they had to rely mainly on WhatsApp and phone calls. The prosecution claims Korfuzi misused confidential information about companies like Daimler and Jet2 to profit from insider trading. Korfuzi has denied all charges, presenting his case alongside his sister. The trial continues as the court reviews transactions linked to the insider trading scheme.