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CMA nets more money in Kobil insider trading

United Airlines commercial jets sit at a gate at Terminal C of Newark Liberty International Airport in Newark, New Jersey. [Courtesy]

The people behind one of the most daring insider trading schemes in the country involving the sale of 59 million KenolKobil shares could have walked away with Sh515 million.

The Capital Markets Authority (CMA) has consequently recovered part of the money from the three individuals behind the scheme besides imposing severe penalties on them.    

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