Kurdish oil minister Ashti Hawrami was the "Mr. A" who received two emails from J.P. Morgan Chase & Co. (JPM) banker Ian Hannam in 2008, Reuters reported Friday, citing people familiar with the matter.
On Tuesday, the Financial Services Authority said it levied a GBP450,000 fine against Hannam for allegedly disclosing inside information about Heritage Oil PLC (HOIL.LN, HTGLY), which had hired J.P. Morgan to seek a potential merger partner. Hannam said he would leave the firm and would pursue an appeal.
The FSA said Hannam emailed "Mr. A," who was "a representative of Organisation C," in September and October 2008.
Reuters said spokesmen for Hannam, J.P. Morgan, the FSA and Hawrami declined to comment.
Full story at http://www.reuters.com/article/2012/04/06/us-britain-insiderinfo-kurdistan-idUSBRE8350AJ20120406
-Dow Jones Newswires; 212-416-2900
