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Christopher Bruce2013-05-22 16:10:36

Three Former Saab Executives Arrested for Alleged Tax Fraud in Sweden

Alleged fraud occurred between 2010 and 2011

The prosecutors allege that the employees attempted to evade Swedish taxes

Three former SaabSaabSaabSweden, 1947 > present28 models
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executives, CEO Jan-Aake Jonsson, Chief Financial Officer Karl-Gustav Lindstroem and general counsel Kristina Geers have been arrested by Swedish police for alleged tax fraud as part of their role with Saab between 2010 and 2011. The prosecutors describe the allegations against them as "grave attempts to complicate tax controls."

None of them have been formally charged yet, but all of them were arrested, questioned and released according to a Swedish newspaper. 

"We are all very shocked how this is being handled," said Geers' lawyer Bengt-Erik Sik.

The prosecutor says he will subject them to another day of questioning on May 22 and then decide whether to charge them with any crimes. If found guilty, tax fraud carries a minimum sentence of six months and maximum of four years imprisonment in Sweden.

"It's about accounting measures to complicate the control operation of the tax authority regarding the calculation of taxes and fees," said the prosecutor, Olof Sahlgren.

Source: Automotive News Europe





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