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'No salary cash at Saab': Muller

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'No salary cash at Saab': Muller
09:37 CEST+02:00
Saab Automobile's CEO Victor Muller has changed his tune since yesterday's announcement. There is no money to pay employee salaries at Saab.

Yesterday, Muller stated repeatedly that Saab has the cash needed for employees' wages, but that the money couldn't be paid, because of the company's debts to suppliers.

Muller told news agency TT that the cash was in a bank account, but wouldn't say where.

"I'm not going to tell you. It's not important. We could've paid the wages, and we can," said Muller to TT.

His comment provoked a strong reaction, not least from the Swedish Enforcement Authority (Kronofogdemyndigheten). The authority stated that Muller may be suspected of breaking the disclosure requirements.

Muller chose to clarify his statement on Friday evening, by posting on the Saab blog Inside Saab.

"These statements have unfortunately led to the interpretation that the funds would be available within Saab Automobile AB. However, Victor Muller reiterates that the funds to which he referred to are not and have never been within Saab

Automobile."

Muller goes on to stress that Saab complies with Swedish law "in every aspect", and that the company will cooperate fully with the Enforcement Agency.

"Victor Muller regrets that his statements have been misinterpreted," concluded the statement.

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