Olam International's CEO Sunny Verghese supports counter with share purchase
Published on Nov 30, 2012 3:07 PM
Olam International's chief executive officer Sunny Verghese has shown his support for the troubled firm with a purchase of one million Olam shares today.
This purchase is his first since allegations of dodgy accounting practices surfaced nearly two weeks ago. He paid $1.54 a share.
Board directors Michael Lim and Robert Tomlin also weighed in on Thursday to buy shares. Mr Tomlin bought 200,000 at $1.55 apiece while Mr Lim paid $1.545 each for 200,000 shares.