Former executives suspected of accounting fraud charges

It's been reported that three former executives of Saab have been released, having been arrested earlier today on accounting fraud charges.

Swedish prosecutor Olof Sahlgren said that the three former executives are suspected of "aggravated attempts to avoid tax controls" by allegedly falsifying parts of Saab's accounts between 2010 and 2011. The crime carries a maximum sentence of four years in prison.

The three executives, named as Jan Ake Jonsson, Kristina Geers and Karl G Lindström allegedly worked for Saab while it was under the ownership of Spyker. The Dutch car maker bought Saab from General Motors.

Hong Kong-owned company National Electric Vehicle Sweden subsequently bought the car maker after it filed for bankruptcy in December 2011, and has on-going plans to make electric cars under the Saab brand.

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5

21 May 2013

The simularities between Saab and Rover continue, except in Britian the execs get a ticking of a directorship ban rather than prison.

21 May 2013

peterover wrote:

The simularities between Saab and Rover continue, except in Britian the execs get a ticking of a directorship ban rather than prison.

Regrettable but true. All we hear in this country is about lessons being learned, and the sound of stable doors being bolted two, three or even five years after the horse died. Britain is positively third world when it comes to corporate crime, unless anyone is actually photographed handing over a brown envelope full of cash.

21 May 2013

Londonist wrote:

peterover wrote:

The simularities between Saab and Rover continue, except in Britian the execs get a ticking of a directorship ban rather than prison.

Regrettable but true. All we hear in this country is about lessons being learned, and the sound of stable doors being bolted two, three or even five years after the horse died. Britain is positively third world when it comes to corporate crime, unless anyone is actually photographed handing over a brown envelope full of cash.

"Lessons learnt" must be one of the most overused comments in public life of this country. The problem isn't so much that lessons aren't being learnt, but that hardly any of that learning is ever put into practice.

21 May 2013

And where did LDV Vans go....

www.KOOOLcr.com

 

21 May 2013

kcrally wrote:

And where did LDV Vans go....

I seem to remember LDV vans were sent to the Gulag of Russian ownership similar to TVR.

maxecat

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