Swedish fraud affects school and older in Tromso – Aftenposten

Major Fraud in Sweden has now led to Tromsø municipality and county of Troms has missed over 400 million.

– Without this loss, we would have more teachers and nurses, as well as add more asphalt, says Governing Mayor Øyvind Hilmarsen in Tromsø.

Today begins the trial of four former employees of Kraft and Culture, Troms Kraft its subsidiary. Everything seemed to go well, according to the accounts, until the bubble burst in autumn 2011. An accounting record created suspicion: “invoiced but not delivered el” – a record that was funded by an increasingly higher loans. About two billion is gone now.

Severe indictment

Swedish Economic Crime has indicted former director Boris Benulic and three others in power and culture management. Benulic is charged with aggravated fraud and gross accounting fraud, the other employees are also indicted for complicity in fraud. According to the indictment, it has for several years been recognized revenues that were not real, and offenses have been systematically carried out year after year. The defendants acknowledge no guilt.

Södertörn District Court in Stockholm has set the time until 15 June to this matter and it will be brought 27 witnesses.

Auditors summoned

Meanwhile prepared now lawsuits against both Kraft and Culture Swedish auditor company and Troms Kraft its auditing firm. In both cases it will be key if the audit should have revealed what happened through almost ten years with Kraft and Culture, and about one billion scam could have been revealed until the sum passed nearly two billion.

– For Tromsø Municipality what happened in Sweden led to 48 million in lost dividend each year, says Governing Mayor Øyvind Hilmarsen. He has no hope that the upcoming criminal case against the former employees can bring money back.

Troms Kraft came scam in Sweden as a shock. Large parts of the management and the board of the company has gone by, and a number of measures is inserted to force the company to all would survive.

The accounts for 2013 showed a loss of NOK 417 million, but the figures for 2014 which was presented last week showed a surplus of 168 million.

Published: 12.apr. 2015 9:38 p.m.