Italy court upholds fine on Petrofac CEO for alleged insider trading on Saipem shares

Milan — A Rome court has upheld a fine imposed on Petrofac CEO Ayman Asfari by Italian market watchdog Consob for alleged insider trading in Saipem shares, a spokesman for the British oil services company said on Wednesday. Asfari, who has been CEO at Petrofac since 2002, is alleged to have made a profit on … More »