© Steve Etherington for Mercedes-Benz Grand Prix Ltd.
German financial supervisory authority BaFin and UK’s Financial Conduct Authority (FCA) have found no evidence of wrongdoing regarding trading in Aston Martin shares.
The Financial Times reports that BaFin and the FCA have looked into suspicions of insider trading in Daimler and Aston Martin shares, including the circumstances of Mercedes team boss Toto Wolff’s purchase of Aston Martin shares, and they have found no evidence of any wrongdoing.
You can read the details of the allegations that were reported by Le Journal de Montreal in our previous article, but we can no confirm that no action will be taken against any of the involved parties.
Reuters has quoted a statement from BaFin in which they say they have not found any evidence to proceed with an investigation.
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“I can confirm that BaFin looked into the transaction with regard to possible suspicions of insider trading (in Daimler securities), but did not find any clues,” the BaFin spokesperson wrote in an emailed statement.
The FCA declined to comment outside regular working hours, but the Financial Times reports that “a person familiar with the matter said the FCA had not pursued an investigation”.
So there you have it, there was no wrongdoing in the case, and we can now shift our focus on Formula 1’s return at Spa this weekend!
