OMV Chief Executive Wolfgang Rutten- storfer has roundly rejected the allegations of insider trading leveled against him, telling In- ternational Oil Daily in an interview Friday that he is “convinced” he acted within the law. The Austrian authorities have charged Rut- tenstorfer with insider trading in connection with an OMV share transaction he made in early 2009, just before the Austrian firm an- nounced it was selling its 21% stake in Hun- gary's Mol to Russia's Surgutneftegas, sending up the price of OMV shares (IOD Nov.19,p1).
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