May 31, 2017 / 8:18 AM / 2 months ago

BRIEF-Robert Friman representatives accused of tax evasion, CEO steps down

1 Min Read

May 31 (Reuters) - ROBERT FRIMAN INTERNATIONAL AB:

* SAID ON TUESDAY EKOBROTTSMYNDIGHETEN (EBM), SWEDISH ECONOMIC CRIME AUTHORITY, BROUGHT CHARGES AGAINST REPRESENTATIVES OF ROBERT FRIMAN INTERNATIONAL AB AND ROBERT FRIMAN & CO AB

* STOCKHOLM DISTRICT COURT PROSECUTED TWO OF COMPANY'S EMPLOYEES REGARDING TAX EVASION OR NEGLIGENT TAXATION, ONE OF EMPLOYEES BEING COMPANY'S CEO

* ROBERT FRIMAN & CO AB WAS CHARGED WITH A FINE OF SEK 4 MLN AND TO PAY SEK 53.8 MLN IN BACK TAXES

* AS A RESULT, BJÖRN FRIMAN DECIDED TO RESIGN AS CEO OF ROBERT FRIMAN INTERNATIONAL AB AND ROBERT FRIMAN & CO AB AS WELL AS AS A DEPUTY BOARD MEMBER OF ROBERT FRIMAN INTERNATIONAL AB AND BOARD MEMBER OF ROBERT FRIMAN & CO AB

* BILL FRIMAN WAS APPOINTED AS NEW ACTING CEO OF ROBERT FRIMAN INTERNATIONAL AB AND ROBERT FRIMAN & CO AB

* Trial to Start June 5 and to Last Until June 28

* COMPANY'S SHARES DROPPED AS MUCH AS 58 PCT IN THE MORNING TRADE

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Further company coverage: (Gdynia Newsroom)

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