It was during the period July 2010 to June 2011 that the then bank manager in a bank in Valdres granted loans and credits to individuals and companies that were not creditworthy and that had not established adequate security.
Lending inflicted bank “a substantial economic loss” according to the indictment.
the former bank manager in the early 40s is prosecuted under Penal Code section 275 and 276 which carries a maximum sentence of up to six years in prison.
the case will be heard in Oslo District Court.
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