The capital markets authority has secured the surrender of illegal gains amounting to 458 million shillings following reports of insider trading on Kenolkobil shares. The funds surrendered to date relate to 90 percent of the quantum of suspicious trades identified through a total of 14 accounts that were frozen in October 2018 to facilitate investigations. The recovered funds will be paid into the investor compensation fund. The investigations thus far have established that a number of investors had been advised and encouraged to trade based on what may constitute material price sensitive non?public information resulting in trades in Kenol kobil shares before the October 24 2018 announcement by Rubis Energie of their intention to take over 100 percent ordinary share capital of Kenolkobil plc at a premium. The investigations relating to the balance of the accounts flagged in connection with suspicious trading activities are ongoing.