According to prosecutor Jan Leopoldson, the defendant is alleged to have carried out an aggressive sale of shares in a housing development company on the Stockholm Stock Exchange in order to drive down the price. He is then alleged to have purchased large quantities of shares in the same company in a large off-exchange transaction at a lower price.
"In this way, he is said to have made a profit of several hundred thousand kronor," Leopoldson says, according to the press release.
“This type of action risks both harming small savers and undermining confidence in the entire system,” he adds.
