Saab filed for bankruptcy in December 2011
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.