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Baazov accused of share conspiracy

Former Amaya CEO denies allegations

A securities regulator is arguing that former Amaya CEO David Baazov, and associates of his, conspired to pump up the company's shares before its takeover of PokerStars.

Amaya acquired what was then called the Rational Group, which is based on the Isle of Man, for $4.9billion in summer 2014.

Quebec's securities regulator has made the allegations in a new court filing, ahead of an insider trading trial in Canada later this month.

This adds to the already-wide array of allegations included in a trial book dated earlier this year, which contains a blueprint of the arguments to be put forward by the prosecution.

None of the allegations have been proven in court as yet - Baazov and two associates maintain their innocence.

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