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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".
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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