Birmingham City shares suspended in corruption probe

0 Comments | AFP, April, 2008

LONDON (AFP) — Trading in shares in Birmingham City football club was suspended on the London Stock Exchange on Thursday amid an investigation into suspected corruption, the Stock Exchange said.

Trading in the English Premiership club's stock was halted pending a further announcement, after it emerged that managing director Karren Brady and co-owner David Sullivan had been interviewed.

Brady and Sullivan were arrested on Wednesday and questioned and bailed by officers from City of London's economic crime unit, who raided the club's offices last month.

The club said after the arrests that the pair were "fully committed" to helping police.

"No charges have been brought," the spokesman said.

An investigation concluded last year by former London...