Nordea Managing Director Faces Prosecution for Insider Dealing

Nordea Managing Director Faces Prosecution for Insider Dealing

The Malaysian Reserve-World·2021-04-02 05:03

A Swedish prosecutor has charged a managing director within Nordea Bank Abp’s leveraged finance unit with suspicion of severe insider trading.

“The criminal activity can be considered as severe as it has taken place systematically over several years, and due to the special position of the bank employee,” Pontus Hamilton, a prosecutor at the Swedish Economic Crime Authority, said in a statement.

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Crime