Intellego Board Member a Suspect in Financial Crime Investigation
Photo by Erik Mclean on Unsplash
Intellego board member Johan Möllerström and the former CEO are being investigated by the Swedish Economic Crime Authority for alleged financial crimes, including gross swindling and fraud. The investigation centers on deceptive press releases and financial reports that may have artificially inflated Intellego's valuation, and the probe also impacts Sensodetect due to Intellego's market communications.
Key takeaways
- According to Medtech Magazine, Intellego board member Johan Möllerström and the company's former CEO are under investigation for financial crimes
- Möllerström faces charges of gross swindling and gross fraud, stemming from alleged market manipulation
- The Swedish Economic Crime Authority (Ekobrottsmyndigheten) is investigating claims that deceptive press releases and financial reports were used to artificially inflate Intellego's valuation
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