Sweden Herald - Latest Sweden News | Four in major Pagero Group insider dealing scandal sentenced to prison by Sweden Herald
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Eight individuals have been convicted for insider trading related to shares of the software company Pagero Group, with five found guilty of aggravated insider trading and three of ordinary insider trading, according to a Stockholm District Court press release. Four of the defendants received prison sentences of up to two years, while the others were given suspended sentences, community‑service orders or fines. The majority of the 17 accused are Norwegian citizens, and the case stems from trading on non‑public information about a pending bid for Pagero Group, which was allegedly disclosed by two defendants employed at a venture‑capital firm. The indictment was filed in September of the previous year.
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