Baazov insider trading trial to continue

The former Amaya CEO facing insider trading charges in Quebec, David Baazov, suffered another setback Monday when a Quebec judge, Salvatore Mascia, ruled against his application to stay proceedings.

Baazov and two co-defendants, Yoel Altman and Benjamin Ahdoot, had protested at the delays in bring the case to court by the prosecution, and the late delivery to the defence of a vast volume of evidence, only a small portion of which was relevant to the case at hand.

Nevertheless, Judge Mascia commented that his decision has been difficult due to the merits of the stay applications, but that he has ultimately decided that the complex case warranted trial.

Proceedings will now go ahead, with local media reports indicating that as many as fifty witnesses are likely to be called.

The Quebec provincial security regulator, Autorité des marches financiers, filed the charges which are based on the 2014 acquisition of PokerStars parent The Random Group by Amaya Gaming whilst Baazov was CEO of the company.

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