the Relationship goes back to september 2014 when the businessman in the capacity of ceo of IKM Industri-Invest AS, according to the indictment placed the order on all of the company’s shares in the listed company Norwegian Energy Company ASA (Noreco).
It is stated that the minimum price was around 30 percent below the closing share price on.
My client believes he has not done anything illegal. He is looking forward to have the matter fully discussed in the district court, ” says the 55-åringens defender Monica Furustøl to Aftenbladet.
Furustøl points out that the 55-year-old did not acknowledge having done anything illegal.
– The actual sides of the case are clarified, but my client perceives that Økokrim has a different legal assessment of the case than he has, ” says Furustøl.
The former ceo of IKM Industri-Invest has known about the case since in February of this year. Earlier in the fall stopped him in the position as managing director of the company after several years in the position.
Had this connection with the matter that was under reeling?
– After many years in the job, he wanted to change the challenges. The choice of time this happened in relation to the case, ” says defense Furustøl.
Jobs in private company
55-year-old is working not in the IKM system in the day. Today he works in his own company.
IKM-entrepreneur Ståle Kyllingstad, chairman of the board of the company where the offender previously was managing director. Kyllingstad don’t want to comment about the case in general, or about when the company was made aware of the conditions of the former managing director now charged with.
Kyllingstad also don’t want to comment on the charged 55-year-old had to quit his job as a result of the matter that was under reeling.
He is a former employee of the us, beyond that I have no further comment to the matter, says Kyllingstad.
Noreco shares
Førstestatsadvokat Hans Christian Koss writes in a press release, that the defendant despite the fact that he had this information, sold ten million shares in Noreco on behalf of his private family company.
Furthermore he should have encouraged others in the IKMs premises to the sale of the Noreco shares the same day.
Three persons who sold their shares after the invitation from the defendant, has adopted the confiscation fine for the dividends, they thereby achieved.
It is emphasized that the three can not be blamed for the sales, when they neither understood or should have understood that they acted on the insider information.
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