New Charges against Ruttenstorfer

People ♦ Published: January 14, 2011; 00:34 ♦ (Vindobona)

The chairman of Austria's OMV is accused of market manipulation because of an interview.

New Charges against Ruttenstorfer / Picture: © Flickr / European Bank for Reconstruction and Development

In the wake of the allegations already made against Ruttenstorfer, the CEO of the energy group OMV is now also being accused of market manipulation. Ruttenstorfer said in an interview on March 18, 2009, that he wanted to keep the stake in the Hungarian MOL at least until the end of 2009. But by the end of March 2009 it came to a surprising sale of the 21.2% stake to the Russian energy…