KenolKobil #ticker:KENO chief executive David Ohana has agreed to co-operate with the Capital Markets Authority (CMA) in the ongoing investigations into suspected insider trading of the oil marketer’s shares ahead of the announcement of the company’s buyout by French firm Rubis Energie.
Mr Ohana in a consent filed in court says he will not challenge CMA’s investigation, including a search-and-seize court order that saw the regulator take communication devices from the KenolKobil CEO and two other suspects, stock market trader Aly-Khan Satchu and Kestrel Capital executive director Andre DeSimone.
