Anders Holmgren, the CEO of Swedish gaming group Cherry, may be detained following his arrest during yesterday’s raid on the company’s Stockholm office in relation to allegations of insider trading.
The CEO’s arrest followed an investigation by the Swedish Economic Crime Authority into share dealings in the group, which is listed on the Stockholm exchange.
In a short statement released this afternoon, Cherry said that it has been informed the prosecutor has requested the court to detain Holmgren, adding that the CEO was “suspected for severe insider trading”.
The detention hearing will take place tomorrow, Thursday May 24, at 3pm (CET). If the court grants the request, Holmgren may be imprisoned until any trial takes place or until such time that the allegations are dropped.
