David Ohana, the CEO of the listed oil firm –Kenol Kobil – has ‘resigned’ from his role even as the takeover process by Rubis Energie goes on. The announcement comes in the midst of insider trading accusations which he is accused of taking part in. In February, Mr. Ohana was excused from legal proceedings due to his cooperation with investigators. His co-accused, Aly Khan Satchu a Nairobi based financial consultant and Andre DeSimone, the former CEO at Kestrel Capital are still under investigation for their role in the crime.
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