Financial Crime World

Norwegian Prosecutors Charge Swedish Businessman Ola Rollén with Insider Trading

Oslo, Norway - The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (ØKOKRIM) has confirmed that Swedish businessman Ola Rollén has been charged with insider trading in a Norwegian company.

Arrest and Charges

  • Ola Rollén was arrested on October 26th by Swedish authorities based on an arrest warrant issued by ØKOKRIM.
  • He is currently in custody at Oslo’s prison following a decision from the Oslo District Court.
  • The charges involve significant insider trading in a Norwegian company.
  • The maximum sentence for insider trading in Norway is six years imprisonment.

Investigation and Impact

  • Senior Public Prosecutor Marianne S. Bender of ØKOKRIM refused to divulge further details about the case.
  • Bender explained that ØKOKRIM pays close attention to share trading performed by foreigners and will investigate any suspected illegal activity.
  • Approximately 40% of the Oslo Stock Exchange’s listed shares are in foreign ownership.

Comment from Rollén’s Lawyer

  • Rollén’s lawyer, Christian B. Hjort, declined to discuss the case.
  • He stated that his client “is presumed innocent until proven guilty.”

Contact

For more information, contact:

  • Senior Public Prosecutor Marianne S. Bender: (+ 47) 90 20 43 00
  • Communications advisor Mads Kvernen Kleppe: (+ 47) 99 60 35 16 or mads.kleppe@politiet.no

Senior Public Prosecutor Marianne S. Bender Credit: André Folkedal

[Note: Press photos of Senior Public Prosecutor Marianne S. Bender are available for editorial use only. Please credit André Folkedal as the photographer.] [Click here to download original photos]