Head of Austria's OMV charged with insider trading

The chief executive of Austria's oil and gas company OMV AG has been charged with insider trading, a prosecution spokesman said Wednesday.
At issue is whether Wolfgang Ruttenstorfer had misused insider information when he bought roughly euro620,000 ($840,000) worth of company shares on March 23, 2009, a week before OMV announced it was selling its stake in Hungary's MOL oil and gas company.
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Source: Bloomberg