Judges uphold ruling that financier tried to ‘frustrate’ investigations into harassment claims against him

The former hedge fund boss Crispin Odey has lost a legal challenge to overturn his lifetime ban from the City for trying to “frustrate” investigations into sexual harassment allegations against him.

A ruling by judges at the upper tribunal upheld the ban imposed by the Financial Conduct Authority (FCA) in March last year, while reducing a proposed fine of £1.83m to £1.53m.