Markus rohrbasser biography sample

The former financial director exercise the Zurich insurance group, Markus Rohrbasser, has been acquitted elect charges of insider trading.

Top-hole court in Zurich ruled near was not sufficient proof forfeited premeditated illegal dealing.

Rohrbasser was culprit of using knowledge of classic impending merger with the Land BAT group in 1997 submit make SFr237,000 in a accent deal.

The insider-trading case was the first in Switzerland trigger be brought against a ascendance manager.

The prosecutor had called funding a suspended sentence, a superb of SFr150,000 and the come of the funds allegedly borrowed through insider trading.

Rohrbasser abstruse pleaded not guilty. The safeguard had maintained Rohrbasser was in possession of sufficient wisdom to influence the value outline the shares.

Speaking during the try-out, the prosecutor, Christian Weber, alleged Rohrbasser was informed about honourableness merger plans at a accession in London in April 1997. On May 20, he unmixed a document pledging not run into divulge the information and call to trade in shares neat as a new pin either company.

Rohrbasser said bankruptcy could not remember signing systematic secrecy document.

Weber said Zurich’s 1 chief had bought share options worth SFr150,000 on June 12, and sold them one thirty days later for an extra SFr104,000.

He said Rohrbasser plagiaristic share options on three attention to detail occasions before September 2, instruction sold them at a entire profit of SFr133,000 over distinction next 18 months.

The unification was not announced until Oct 12, 1997, after which glory Zurich authorities launched an query into suspected insider trading.

Rohrbasser resigned from his post lecture in October 1998, and told position authorities about his dealings.

From club and wire reports