Charges against Baazov come about two months after Amaya said it
had received a non-binding proposal from the chief executive to
take the company private.
Baazov is taking this leave voluntarily to focus on an offer to
buy Amaya and to avoid a distraction for the company while he
responds to the allegations against him by the securities
regulator, Amaya said on Tuesday.
The company named Rafi Ashkenazi, chief executive of Amaya unit
Rational Group, as interim CEO.
Divyesh Gadhia, who chairs a special committee set up to
consider any offer for the company, has been named interim
chairman. Baazov will remain a member of the board, the company
The securities regulator launched an investigation into Baazov
and other executives in 2014 for trading in Amaya's stock ahead
of the company's $4.9 billion takeover of PokerStars-owner
Amaya said last week it believed the charges against Baazov were
without merit and it expected Baazov to be "fully exonerated".
(Reporting by Amrutha Gayathri in Bengaluru; Editing by Don
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