The prosecutor claims that the man did not take care of the housing in the association, and instead was able to earn money through a company that he ran. He is also suspected of having embezzled a large number of tenant-owned apartments that belonged to the association, the Economic Crimes Authority writes in a press release.
The man is charged with gross infidelity against a principal, several counts of gross tax evasion and gross accounting fraud.
"The investigation shows systematic mismanagement of both finances and accounting in the association and the management company. This has led to major financial damage and almost 1.5 million kronor in unpaid taxes," says Jakob Adolfsson, senior prosecutor at the Swedish Economic Crime Agency, in the press release.
Another former board member is also being charged with serious accounting fraud.
This spring, the association's housing was placed under compulsory administration after bills for water, garbage disposal, and district heating had accumulated and the residents had periodically been forced to put up with cold apartments without access to hot water.
Corrected: In an earlier version of the text, the wrong authority was stated as the sender of the press release.
