Guinness Share-trading Fraud - Secondary Trial

Secondary Trial

The professionals accused in "Guinness Two" were Patrick, 3rd Lord Spens, a former director of Henry Ansbacher & Company, a bank, charged with four offences; Roger Seelig, former corporate finance director at Morgan Grenfell & Company, charged with 12 offences. Charges against David Mayhew of Cazenove, a takeover consultant, never made it to trial.

The case against Spens and Seelig collapsed in 1992 and charges against Mayhew were dropped after pre-trial challenges by his lawyers. Another defendant, Ward, returned to Britain to stand trial and was acquitted of any dishonesty. Though acquitted, the defendants had to pay lawyers' fees.

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