In its appeal to the Court of Appeal, the company referred to internal measures that it believed should have eliminated the motive for the continued seizure. However, the Svea Court of Appeal disagreed.
Intellego's acting CEO Jacob Laurin tells TT that the Court of Appeal's rejection is an issue that the company's lawyers will have to handle.
We can state that the company's finances are good and we will honor our commitments, he says.
Attachment to cover fines and claims
According to Laurin, suppliers and the more than 60 employees – most of them in a British subsidiary – can expect to be paid even without the 230 million.
The garnishment consists of two parts, according to Hertz. SEK 100 million will cover an expected corporate fine for fraud, deceit and accounting violations. The remaining SEK 130 million is linked to compensation claims from the Swedish Export Credit Agency and the Export Credit Board.
Intellego's former CEO Claes Lindahl has been charged with gross fraud and has been dismissed by the company. He denies the charges and a decision on whether to prosecute has not yet been made.
"He has nothing to do with the company in any way. The board sees no prospects for him to return," Laurin says of the former colleague.
The prosecutor has charged several people with crimes, but he has not said who they are or exactly what they are suspected of.
“I have not been informed of any suspicion”
Laurin says he does not know who else is suspected:
The only person we know of who has been named as a suspect is the former CEO. I have not been informed of any suspicion.
Intellego manufactures and develops color indicators used in disinfection, sun protection and industry. The company's shares – with 19,000 owners – have been suspended from trading since the crackdown on November 18. And Nasdaq's disciplinary committee will soon make a decision on a possible delisting.
In addition to the criminal investigation, Intellego has commissioned KPMG to review historical reporting and communications. Laurin hopes KPMG's conclusions can be made public in early 2026.
"We are turning over every stone internally. We are focusing a lot on getting our accounts in order and clarifying the financial position," he says.
"Our focus now is to do what needs to be done and start doing it as soon as possible. Clean up, so that we can be listed on the stock exchange again. Everything else will have to wait a bit," he adds.
