Markus rohrbasser biography sample
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Former financial chief cleared of insider trading
The former financial director of the Zurich insurance group, Markus Rohrbasser, has been acquitted of charges of insider trading. A court in Zurich ruled there was not sufficient proof of premeditated illegal dealing.
The former financial director of the Zurich insurance group, Markus Rohrbasser, has been acquitted of charges of insider trading. A court in Zurich ruled there was not sufficient proof of premeditated illegal dealing.
Rohrbasser was accused of using knowledge of an impending merger with the British BAT group in 1997 to make SFr237,000 in a share deal.
Markus rohrbasser biography sample
The insider-trading case was the first in Switzerland to be brought against a top manager.
The prosecutor had called for a suspended sentence, a fine of SFr150,000 and the return of the funds allegedly obtained through insider trading.
Rohrbasser had pleaded not guilty. The defence had maintained Rohrbasser was not in possession