Suspicion of Insider trading: Ruttenstorfer receives support

People ♦ Published: November 18, 2010; 12:08 ♦ (Vindobona)

After the Vienna Public Prosecution's charges against OMV's CEO Ruttenstorfer, the latter now receives support. It is being said that he has merely been "clumsy".

Suspicion of Insider trading: Ruttenstorfer receives support / Picture: © Flickr / European Bank for Reconstruction and Development

Yesterday, November 17, the Vienna Public Prosecution started proceedings against OMV's CEO Wolfgang Ruttenstorfer. He allegedly had insider knowledge at a stock purchase in March 2009, because shortly afterwards, OMV dropped out of the Hungarian MOL, which led to an increase in the price of the shares.

Ruttenstorfer: "I am convinced that the stock purchase at that time was…

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