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.

Read full article on The Local

More Stories

Anas Awad with his "Swedish family" told his story to The Local Voices

Sharing the best of The Local Voices

We told a lot of great stories in 2016. Did you get to read and share them all? READ
'Blåbärssoppa' is often served warm in winter or cold in summer. READ
Sweden has been touted as a key mediator between North Korea and the US. The Local explains why. READ
The news that North Korea's Minister for Foreign Affairs Ri Yong-Ho will meet Swedish Foreign Minister Margot Wallström has sparked plenty of speculation. But what does it actually mean? READ
Spotify has announced the date when it will list on the New York Stock Exchange. READ
Photo: Erik Gerhardsson

'History will record how everyone reacted to the Syrian tragedy'

Erik, a 21-year-old Swedish volunteer, reflects on his experience helping refugees in Sweden and abroad. READ
Language-learning app Duolingo is launching its first official course in Klingon thanks to the help of a Swede fluent in the complicated tongue used by Star Trek's infamous aliens. READ
"I felt more alone living in a big city than I do in a Swedish village with nine residents." READ
A new report suggests that two fifths of residents in Sweden's vulnerable areas feel unsafe when they are outdoors at night. READ
The owners of Swedish banking giant Nordea have voted in favour of moving the company's head office from Stockholm to Helsinki. READ

This Iranian teaches Swedish online to 10,000 followers

"I’m exporting Swedish to my homeland." READ