Editing Jeffrey Archer (section)

===Allegations of insider dealings===
In January 1994, [[Mary Archer]], then a director of [[Anglia Television]], attended a directors' meeting at which an impending takeover of Anglia Television by MAI, which owned [[Meridian Broadcasting]], was discussed. The following day, Jeffrey Archer bought 50,000 shares in Anglia Television, acting on behalf of a friend, Broosk Saib. Shortly after this, it was announced publicly that Anglia Television would be taken over by MAI. As a result, the shares jumped in value, whereupon Archer sold them on behalf of his friend for a profit of £77,219.<ref name=Watt/> The arrangements he made with the stockbrokers meant he did not have to pay at the time of buying the shares.<ref name="DTI"/>

An inquiry was launched by the [[London Stock Exchange|Stock Exchange]] into possible [[insider trading]]. The [[Department of Trade and Industry (United Kingdom)|Department of Trade and Industry]], headed by [[Michael Heseltine]], announced that Archer would not be prosecuted due to insufficient evidence. His solicitors admitted that he had made a mistake, but Archer later said that he had been exonerated.<ref name=Watt/>