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Cherry CEO arrested, and offices raided

Published

7 years ago

May 23, 2018

George Miller

Cherry CEO arrested over insider trading claims

Reading Time: < 1 minute

Stockholm-listed gaming operator Cheery AB’s chief executive Anders Holmgren has been under suspicion of insider trading.

Cheery has been informed by the Swedish Economic Crime Authority that an investigation into share trading by Holmgren has been launched.

During the yesterday morning, the Swedish Economic Crime Authority has performed a search at the head office of Cherry AB and in relation to this event, the company’s CEO, Anders Holmgren, was arrested. Cherry will fully cooperate with the Economic Crime Authority in the investigation. During the period of the investigation, Gunnar Lind, chairman of the Cherry Audit Committee, will be acting CEO of Cherry.

Gunnar Lind previously served as Cherry chief executive between 2004 and 2011.

Cherry AB shares (STO:CHER-B) were trading down 3.64 per cent at SEK66.20 per share in Stockholm following the announcement Tuesday afternoon.

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George Miller

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.