How CMA cornered Aly-Khan Satchu in Kenol scam

Aly-Khan Satchu, the Rich Management CEO. PHOTO | FILE

Stock dealer Aly-Khan Satchu put up a fierce defence against charges of insider trading in the Sh26 billion KenolKobil takeover by French company Rubis, records of the disciplinary hearing have revealed.

Mr Satchu, who hired abrasive Senior Counsel Ahmednasir Abdullahi, at first attempted to block the hearing by the Capital Markets Authority (CMA)-appointed ad hoc committee.

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