The stock exchange provides extended response time to Intellego

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The stock exchange provides extended response time to Intellego
Photo: Christine Olsson/TT

Nasdaq Stockholm Stock Exchange has extended the response time by one week for Intellego Technologies, whose shares have been suspended due to suspected fraud and scams.

The stock exchange intends to raise the issue of delisting the share in the disciplinary committee and had previously set a deadline for a response of December 5. Now it has been extended by one week, to Friday, December 12, the company writes in a press release.

Intellego's board states that it is working resolutely to ensure that the share remains listed and that trading in it can resume.

Technology company Intellego has 19,000 shareholders and is listed on Nasdaq First North Growth Market.

The company's shares have been suspended since November 18 after the Swedish Economic Crime Authority raided the company. The company's then CEO Claes Lindahl has been arrested on suspicion of aggravated fraud and has also been forced to resign from his position at the company.

Since EBM struck, the company has also been reported to the police by the Swedish Export Credit Agency (SEK) and the Export Credit Board, who state that they have been tricked into buying receivables and issuing guarantees to Intellego.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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