A voice for newcomers in Sweden

Swedish candymakers Cloetta wrapped up in insider trading probe

Ahlgrens Bilar, one of Cloetta's most famous products. Photo: Pernilla Wahlman/TT

Published: 11.Oct.2017 12:39 hrs

Senior staff at Swedish confectionery firm Cloetta are being investigated on suspicion of possible insider trading, the Swedish Economic Crime Authority has said.

"The criminal suspicions concern stock sales made by people in senior positions shortly before the company announced a profit warning on September 14th 2017," wrote the Economic Crime Authority in a statement.

Two Cloetta employees were taken into police custody and had their homes searched on Tuesday afternoon. Computers, mobile phones and documents were secured in the raids and will be analyzed by experts.

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