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Yesterday the body which is authorized by the Government of Quebec to regulate the financial markets in the province (Autorité des marchés financiers (AMF) indicted the director of Amaya Inc David Baazov.
Baazov is accused of complicity in transactions through access to confidential information that led to influence or attempts to influence the market price of securities of Amaya Inc, as well as the transmission of confidential information to third parties.
The scope of AMF's interest includes transaction of Rational Group for $4.9 billion in 2014 when for a few months before the deal the price of Amaya's shares has inexplicably begun to increase.
Aside from David Baazov his close friend Benjamin Ahdut, Amaya's advisor Yoel Altman, as well as some other 13 persons, including Baazov's brother, Josh Baazov, have been accused. All of them, as well as director of Amaya, has been accused of "disclosure of confidential information to obtain benefits."
However, David Baazov denies all the charges and expresses the enduring belief that the AMF will fully justify him soon.