Stockholm Economics Assistant Jailed for Embezzling 36 Million Kronor

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Stockholm Economics Assistant Jailed for Embezzling 36 Million Kronor
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A 36-year-old man who worked as an economics assistant at an event company in Stockholm is sentenced to prison for 4.5 years for having embezzled 36 million kronor.

The criminal activity went on for over seven years and the man has, according to the verdict in the Stockholm district court, illegally transferred money from the company and two other companies in the same group to his own bank accounts. In total, it has involved over 2,000 transfers.

The crimes, gross disloyalty against a principal, have been assessed as serious, among other things, since it has been systematic and gone on for a long time in a deliberate manner, "which has meant that the crimes have been difficult to detect and that they in some cases individually involved significant amounts, but above all collectively involved very large amounts and caused significant damage", writes the district court.

The man has admitted to the transfers but denied the crime since he has claimed that he has not held such a position of trust as is required to be sentenced for disloyalty against a principal.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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