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Details of how a popular stock market trader made millions on what is suspected to be insider information of a takeover plan of oil marketer KenolKobil by French firm Rubis Energie, have emerged.
According to papers filed by the Capital Markets Authority (CMA) at the Nairobi Commercial Magistrates court, Aly-Khan Satchu, a stockbroking agent of Kestrel Capital and the chief executive of data vendor Rich Management, needed just 20 minutes to seal the deal on October 18 last year.
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