[ by Melanie Gretchen ]

London resident Taiyyib Ali Munir, who pled guilty to conspiring in an insider-trading scheme, told a government informant that an ex-New York Stock Exchange director provided him with insider leaks.  Munir, 30, who worked in the financial industry, pled guilty to conspiracy in federal court in Brooklyn, New York, on 10/15/12.  Since then, the former government official was identified by the Wall Street Journal as Maksim Bakiyev, son of Kurmanbek Bakiyev, the ex-president of Kyrgyzstan.

The elder Bakiyev was ousted in an April 2010 coup and has taken refuge in Belarus.  In 2010 and 2011, he was managing accounts of a former Central Asian official and who isn’t identified in the complaint.  However, he was in London at the time of his arrest on 10/12/12, and the U.S. is trying to extradite him for conspiracy to commit securities fraud and obstructing justice, the U.S. Embassy in Kyrgyzstan said 10/13/12 in a statement.

The criminal case: U.S. v. Munir, 12-cr-00648, U.S. District Court, Eastern District of New York (Brooklyn). The SEC case is Securities and Exchange Commission v. One or More Unknown Purchasers of Securities of Global Industries, 11- cv-06500, U.S. District Court, Southern District of New York (Manhattan).

For further details, go to [Bloomberg, 11/1/12].