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Getinge staff member arrested

getinge

A staff member at Swedish Getinge has been arrested. The employee is suspected of insider dealing.

According to information that Nyhetsbyrån Direkt has taken part of the male staff member has previously held a management position within IT at the company and has during at least two occasions made deals on non public information in connection to profit warnings in Getinge in January 2013 and March 2014. The profit warnings have had very high impact on the stock price.

The staff member was arrested on April 8 and has been assigned a public defense counsel. The prosecutor has to take a stand on whether the man should be detained. According to district prosecutor Jan Leopoldson, interviewed by Nyhetsbyrån Direkt, the amounts that the Getinge employee is suspected of dealing with are “relatively large, sums of millions.”