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full screen The hearing in Stockholm’s District Court ends on Monday. Archive image. Photo: Oscar Olsson/TT
A successful broker in Stockholm who is accused of serious financial crime should be sentenced to several years in prison, prosecutor Linda Johansson claims when the trial ends on Monday.
– My overall assessment is that the punishment amounts to five and a half years in prison, says Johansson in court, according to Expressen.
The broker, who is in his 40s, established himself within a couple of years in the industry as one of the country’s most successful with sales values in the billions range. But in May last year, the police and the Ecocrime Authority raided the office in Stockholm’s inner city.
The star broker was arrested on suspicion of serious eco-crimes together with a business partner of the same age and two women.
In March, charges were brought for serious fraud, serious accounting violations and serious business money laundering that allegedly took place between 2015 and 2022.
The suspicions include mortgage fraud, where false income information was used to mislead banks into granting mortgages. The broker and the business partner are also suspected of not having recorded business events of close to SEK 50 million.
They are further suspected of serious business money laundering in connection with several housing deals where, according to the indictment, the payment may have stemmed from criminality.
For a business partner, the prosecutor believes that the punishment is six years in prison.
Both deny wrongdoing.