Bank manager charged with gross misappropriation of funds

Lawyer Per DanielsenLawyer Per Danielsen.Photo: Berit Roald / Scanpix

A former bank manager in Oppland is charged with gross misappropriation of funds on loans totaling NOK 28 million.

According to Nettavisen, the former bank manager granted loans and overdrafts and guarantees to several individuals and organizations without ensuring  the necessary security for the bank.

The defendant’s lawyer, Per Danielsen, says his client disputes the charges and thinks he has acted in a proper and correct manner and followed the bank’s guidelines.

– When the bank lends money it also has to bear the losses. My client is given the blame for everything that’s gone wrong, Danielsen says.

The bank manager has been reported by  the bank itself. The offences are aaid to include of loans, credits and guarantees not made according to the bank’s guidelines and rules in the period 19 July 2010 to 6 May 2011.

– We believe the offenses occurred by virtue of his authority as general manager, and that loans, credits and guarantees were given to people who otherwise would not have been able to get them in other banks, chief public prosecutor in ØKOKRIM, Trude Stanghelle, says.

The case is scheduled to be handked in Oslo District Court from November 14, and 13 days have been set  aside for handling the case.


Source: NTB scanpix / Norway Today