This article first appeared on DUSA Media.
A former student from the University of Dundee was held in December as part of an insider dealing probe by the Financial Conduct Authority. Paul Coyle, now treasurer and head of tax at Morrisons, Britain’s fourth-largest supermarket chain, was arrested, yet not charged, at the end of last year. According to The Telegraph, who broke the story Monday morning, Mr Coyle “was arrested on suspicion of buying shares in Ocado before it was publicly revealed that the companies had agreed a lucrative partnership to launch an online grocery service for Morrisons”.
Mr Coyle graduated from Dundee University in 1987 with an MA (Hons) in German and Contemporary European Studies. He then joined Inland Revenue as a tax inspector before working stints at KPMG and RAC, according to a LinkedIn profile that seems to have been recently deactivated. Mr Coyle has served as Morrisons’ group treasurer and head of tax since 2006.
According to sources inside Dundee University Students’ Association (DUSA), national newspapers are investigating whether Mr Coyle has claimed to have been president of DUSA in the past. He never held that office, but he did serve as president of the Student Representative Council (SRC) for a time, a position that no longer exists.
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Correction: A previous version of this article revealed an embarrassing lack of Latin knowledge within our editorial team. Mr Coyle could not have been an “alumni”, as the headline previously claimed, because he’s only one (ergo an “alumnus”). In lieu of apologies, we shall attempt to memorize the University’s official motto: Magnificat anima mea dominum (My soul does magnify the Lord).