The Swedish Economic Crime Authority (EBM) has cleared Bo Andersson Klint, former CEO of game developer Starbreeze, as a suspect in a series of insider trading offences in the company. Instead, the Authority is now investigating Sweden’s Carnegie investment bank, which “forced” Klint to sell his shares, prosecutor Thomas Langrot has confirmed.
In December, EBM raided Starbreeze’s head offices following suspicions that two senior executives were guilty of insider trading, after they sold shares in the company in mid-November. The shares were sold just before Starbreeze announced a chain of negative events. The prosecutor has also confirmed that an investigation into a second executive is still underway.
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