ICIS Heren dismisses Seth Freedman, whose concerns over market movements triggered FSA and Ofgem investigations.
Seth Freedman, the whistleblower at the centre of energy market manipulation allegations, has been sacked by his price reporting agency, ICIS Heren. Freedman's concerns about unusual movements in the wholesale gas trade triggered investigations – which are ongoing – by the Financial Services Authority (FSA), and the energy regulator, Ofgem. Freedman said his sacking was "classic victimisation and intimidation of a whistleblower". "[They're] protecting the management at the expense of those lower down the food chain," he said. "I feel victimised for blowing the whistle. "I was doing the right thing. I was protecting the ICIS brand – when we spot abuse we take it to the regulator. [But] I was treated as if I was the bad guy. It's outrageous." ICIS said it was forced to remove Freedman because he had lost the trust of price reporting agencies (PRAs) and his colleagues. The company said it had offered Freedman three alternative posts within the wider Reed Business Information publishing house, but he declined all the offers and was fired on 28 December.....Read more here: Gas market whistleblower sacked after accusing firms of price fixing