autoevolution
 

Ex-Saab Executives Arrested on Accounting Fraud Charges

Three former executives of the now bankrupt Swedish automaker Saab have been arrested on accounting fraud charges, an Associated Press report announced later this week.
Saab 9-5 1 photo
Photo: Saab
According to Swedish prosecutor Olof Sahlgren, the three, which have not been identified, are suspected of “aggravated attempts to avoid tax controls” by allegedly falsifying parts of Saab’s accounts between 2010 and 2011. If found guilty, the three executives, that worked for Saab while the company was under the ownership of Dutch car manufacturer Spyker, could face a maximum sentence of four years in prison.

Saab filed for bankruptcy in 2011 and was then acquired by National Electric Vehicle Sweden. The Hong Kong-owned company plans to build and sell electric cars under the Saab brand.

Back in March, the last batch of 78 vehicles assembled by Saab were auction in an online sale hosted by KVD. The sale also included the last factory produced 9-3X, one of the only three 9-3 SportSedan models painted Skyblue, and a 9-5 SportSedan TiD6 2.9 (Alpha) superdiesel.

Story via WashingtonPost
If you liked the article, please follow us:  Google News icon Google News Youtube Instagram X (Twitter)
About the author: Ciprian Florea
Ciprian Florea profile photo

Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
Full profile

 

Would you like AUTOEVOLUTION to send you notifications?

You will only receive our top stories