×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Former CEO throws trader under bus in Kobil probe

Nairobi Securities Exchange (NSE) trading floor (PHOTO: BEVERLYNE MUSILI)

On March 29, the board of Kestrel Capital called a crisis meeting after its chairman Charles Field Marsham and CEO Andre DeSimone were sucked into the tempest of insider trading of 56 million KenolKobil shares.

The deals were estimated to be worth a staggering Sh853 million.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in