The Capital Markets Authority (CMA) has summoned stock market trader Aly-Khan Satchu for questioning over his role in insider dealings in oil marketer KenolKobil #ticker:KENO shares ahead of last week’s announcement of a takeover plan by French firm Rubis Energie.
Mr Satchu, a stock broking agent of Kestrel Capital and the chief executive of data vendor Rich Management, is expected to meet the CMA's compliance officers tomorrow (Thursday) at 10 a.m. to explain his role in the suspected trades that saw shares running into millions of shillings transacted in just three days.
