Three Former Saab Executives Arrested on Accounting Fraud Charges image

According to a Swedish prosecutor, diagnosis three former Saab executives were arrested on accounting fraud charges.

Swedish prosecutor Olof Sahlgren said the three Saab executives are “suspected of aggravated attempts to avoid tax controls” by falsifying parts of the company’s accounts from 2010 to 2011. For this crime the judge might give a sentence of up to 4 years in jail. The three executives were not identified, but it is known that they worked for the automaker while it was owned by Spyker.

In December 2011 Saab filed for bankruptcy as Spyker failed to bring the company back on the track. Saab was then purchased by National Electric Vehicle Sweden, announcing it will manufacture EVs under the Swedish brand.

At the beginning of this year NEVS announced it will restart production of the 9-3 model later this year, followed by an electric version next year. The company has changed its original plans: the cars won’t be built in Saab’s Trollhattan factory but in China. NEVS owns the rights to build the last Saab 9-3, along with an electric ePower version that never made production. The company also owns the right to use the Saab name, but not the Griffin logo.

Source: The Detroit News

  • Ivar Möller

    The real criminals is GM that should get lifetime in prison for what they did to SAAB. It must be obvious for all that GM have made a criminal act by moving costs between Opel, SAAB and GM in USA. They also used saab engineers free of charge for 20 years without any costs. I hope Spyker will win the law suit against GM.