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Sentenced to prison for fraud worth NOK 29 million

Norway Today
16/08/2013
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A former lawyer has been sentenced to two and a half years in prison for aggravated fraud against banks and finance,,,,
A former lawyer has been sentenced to two and a half years in prison for aggravated fraud against banks and finance companies. The verdict includes fraud worth a total of 29 million.
The case, which went to Oslo District Court, is related to a case where the financier Christer Tromsdalstinden and two other men were last year  sentenced to three years and nine months and six years in prison. The verdict has been appealed.
The verdict against the former prosecutor was dropped earlier this week. In addition to the prison sentence is the man also ordered to pay NOK 3.5 million in damages to DNB, and he is sentenced to a confiscation for more than NOK half a million . One year of imprisonment is suspended.
The man has been convicted of having used false valuations lead to the payment million loan from DNB and Nes parishes Savings Bank. In aggravating points Oslo District Court said that several of  the deceptions carried out by the man in the capacity as a lawyer, which have underpinned confidence in the banks.
In another case connected to the same subject matter complex was an appraiser who first was sentenced to one year and nine months in prison for corruption. The man died before the appeal came up, and Norwegian authorities did not pursue the matter further. On the basis of this case was handed down to a Court of Appeal acquittal in March.
 
Source: NTB scanpix / Photo Flickr / Norway Today 
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