Analyst Research

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Provider: Reuters Investment Profile
Provider: Wright Reports

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Public Prosecutor for Economic Crime Indicates NewCap Holding A/S's Former CEO for Market Manipulation

Wednesday, 14 Nov 2012 11:44am EST 

NewCap Holding A/S announced that Public Prosecutor for Serious Economic Crime brought a charge on November 14, 2012 against the Company's former Chief Executive Officer (CEO) and 4 employees in the Company's former subsidiary, Capinordic Bank A/S for breach of the Securities Trading Act provisions against market manipulation. The Company is also charged in the case as a legal person to have been responsible for the former CEO's acts. There are currently no prosecutions brought against the Company.