The Swedish Economic Crime Authority (EBM) has apprehended nine individuals suspected of serious insider trading, with two additional suspects identified. The alleged crimes involve profits of approximately 70 million SEK related to bids on Thetys Oil and Fortnox.
Major Insider Trading Scandal: Two More Suspects Identified
Major Insider Trading Scandal: Two More Suspects Identified
On Tuesday, the Swedish Economic Crime Authority (EBM) apprehended nine individuals suspected of serious insider trading.
Jonas Myrdal, acting deputy chief prosecutor and head of the preliminary investigation at the authority, told the financial channel EFN that two more individuals are suspected.
"We currently have a total of eleven suspects. The two new suspects have not been arrested or detained. However, they will be questioned today," he said.
EBM has described the criminal profits as being "at a level we have hardly seen before."
The case involves approximately 70 million SEK that the individuals allegedly earned in connection with bids on the two companies, Thetys Oil and Fortnox.