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A Swedish Bank manager and three accomplices arrested and remanded for fraud


  

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Wednesday, 14 September 2011
A former manager of the Swedish bank,  Handelsbanken arrested suspected of having cheated at least some Skr9.5 million from his employer.
The case being treaded a fraud was detected by the bank through internal controls. The 44-year-old man set up loan for several people while the money was paid out to others.
Authorities say the amount known is in the region of Skr 9.5 million although also evidence suggests that it is much broader than that according to prosecutors at the national drive against corruption.

The man was arrested Monday on suspicion of serious fraud. Two more people also in their 40s – 40 year-old woman and a 46-year-old man, were also arrested on Monday and on Wednesday for the same offense. They were not working at Handelsbanken. The 46-year-old man is a childhood friend to the bank manager.

According to the prosecutors, they have been on the receiving end in different ways. The Bank manager was immediately fired when the bank found out what had happened. He was arrested last Thursday when he was about to take a flight to Norway. One of the prosecutor's arguments for his detention - the risk that he may flee the country.

The three detainees are currently the only suspect, according to the prosecutor.
By Scancomark.se Team


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