The Capital Markets Authority (CMA) is locked in a fresh court battle over the KenolKobil insider trading case after the former head of one of Kenya’s biggest stockbrokers - who was banned over the breach - moved to overturn the punishment.
Andre DeSimone, who left his position as chief executive of Kestrel Capital in April last year after the insider trading allegations, has filed a suit with the Capital Markets Tribunal seeking to be cleared from the trading breach.
