Monday, 4 February 2013

UK Gas Market Price Rigging: Whistleblower Seth Freedman Sacked by ICIS Heren


The whistleblower whose claims led to the exposure of price rigging in the wholesale gas industry has been sacked by the financial information company that employed him.

Seth Freedman's allegations of irregular price fluctuations in the industry triggered investigations by energy regulator Ofgem and the Financial Services Authority.

Price reporting agency ICIS Heren said it was forced to terminate his employment as he had lost the trust of his colleagues and the wider industry.

A furious Freedman said his sacking was an example of "classic victimisation and intimidation of a whistleblower", and accused the company of "protecting management at the expense of those lower down the food chain".

"It's outrageous. I feel victimised for blowing the whistle," he told the Guardian. "I was doing the right thing. I was protecting the ICIS brand. When we spot abuse we take it to the regulator. I was treated as if I was the bad guy."

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