COMPANIES Mike Turner, the former chief executive of BAE Systems of the UK, has turned up as a key witness in France’s largest insider dealing case, in which 17 current and former executives of EADS and its Airbus subsidiary stand accused by the market regulator of illegally selling shares in the Franco-German aerospace group.
France’s Financial Markets Authority on Monday launched the final phase of an inquiry, which has lasted almost three years, into the insider dealing allegations, prompted by a shock profit warning from EADS in June 2006 that sent the shares down 26 per cent.
