A man was arrested in relation to the offence of insider trading today.
Gardai jumped into action following a report to the GNECB from the Central Bank of Ireland pursuant to Section 33AK of the Central Bank Act 1942 (as amended). The man is currently detained in a south Dublin Garda Station in accordance with the provisions of Section 4 of the Criminal Justice Act 1984.
He was arrested for the offence of Insider Trading contrary to Regulation 5, European Union (Market Abuse) Regulations 2016, (S.I. No 349 of 2016). A garda spokesman said: "The extensive investigation carried out by GNECB has progressed with the assistance of personnel attached to the Central Bank of Ireland and their expertise and experience had been invaluable.
