New York, Jul 26 (AP) British billionaire and Tottenham soccer team owner Joe Lewis has been indicted in the U.S. on charges of slipping confidential business information to others, including his romantic partners and private pilots, prosecutors said Tuesday.

Manhattan-based U.S. attorney Damian Williams announced the insider trading case in a video posted on Twitter. A message seeking comment was sent to a spokesperson for Tavistock Group, Lewis' umbrella company for investments that span from real estate to biotechnology.

Also Read | Russian President Vladimir Putin Plans to Visit China in October 2023, Says Top Kremlin Official.

Williams outlined charges of “brazen” insider dealing by the billionaire, saying that he exploited his entrée to various corporations to reap tips that he slipped to people in his own inner circle, who deployed the knowledge to make stock trades and millions of dollars.

“As we allege, he used insider information as a way to compensate his employees and shower gifts on his friends and lovers,” Williams said. “It's cheating, and it's against the law.”

Also Read | Algeria Wildfires: Forest Fire Kill at Least 34 and Injured Hundreds, 80% of Fires Extinguished.

Lewis has owned Tottenham since 2001. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)