Ferrexpo falls as CEO faces investigation

0 mins. to read
Ferrexpo falls as CEO faces investigation
Master Investor Magazine

Master Investor Magazine 54Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

The price of shares in FTSE 250 miner Ferrexpo (LON:FXPO) has fallen by 3.32% to 142.80p (as of 13:15 BST) as it noted recent news regarding its CEO and majority shareholder Kostyantin Zhevago. Mr Zhevago has been named as a suspect in absentia by the Ukranian authorities who are investigating money laundering and embezzlement at a business that he previously owned.

The board said that Mr Zhevago has not been served with any formal notice and denies all wrongdoing.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *