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.
Read more about this topic: Guinness Share-trading Fraud
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