The High Court has dismissed a petition by former Kestrel Capital CEO Andre DeSimone seeking to quash a ten-year suspension as a member of the Institute of Certified Investment and Financial Analysts (Icifa) on accusations of insider trading during the sale of KenolKobil to French firm Rubis Energie.
Mr DeSimone was also slapped with a fine of Sh1.1 million by Icifa on the claims of disclosing price-sensitive material relating to the takeover in 2018 to two stockbroking agents.
