The Straits Times
www.straitstimes.com
Published on Nov 30, 2012
 

Olam International's CEO Sunny Verghese supports counter with share purchase

 
 

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.