The suspected former Intellego manager denies any wrongdoing.
"He has given plausible explanations for his views on things. Then we will see where the investigation goes," says Olof Hildebrand.
The lawyer does not want to say what explanations his client has given for the suspected fraud, citing confidentiality.
“The suspicion remains”
TT has unsuccessfully sought out public prosecutor Thomas Hertz at EBM, who is handling the case.
"According to a decision made today, I have lifted the detention," he wrote in a submission to the Stockholm District Court on Wednesday.
“The suspicion remains, as does the need for a public defender,” he added.
The release comes at the same time as Nasdaq Stockholm Stock Exchange has extended the response time by one week for Intellego in a process to delist the company from Nasdaq First North Growth Market.
The stock has been suspended from trading since the Swedish Economic Crime Authority (EBM) raided the company on November 18.
The stock exchange intends to raise the issue of delisting the share in the disciplinary committee and had previously set a response deadline of December 5. Now the response deadline has been extended by one week, to Friday, December 12, Intellego writes in a press release.
19,000 shareholders
Intellego's board states that it is working resolutely to ensure that the share remains listed and that trading in it can resume.
The technology company Intellego has 19,000 shareholders.
Since EBM struck, the company has also been reported to the police for suspected gross fraud by the state-owned Swedish Export Credit (SEK) and the Export Credit Board (EKN), which state that they have been tricked into purchasing receivables and issuing guarantees to Intellego.
