Bergen: Real estate investor sentenced to five years in prison for fraud

Bergen District CourtPhoto: Gorm Kallestad / NTB

A real estate investor has been sentenced to five years in prison by the Bergen District Court for fraud – in connection with falsifying documentation to get a loan.

In addition, he will be deprived of the right to run an independent business and the right to hold positions as chairman of the board, board member, or general manager of companies for five years.

In the trial, which took place in Bergen District Court from January 25 to February 9, the real estate investor pleaded guilty to the charges.

Newspaper Bergens Tidende / E24 first mentioned the verdict, which was handed down on Wednesday.

For several years, the man used fake signatures, fake leases, and fake contracts to get loans of close to NOK 122 million from banks and private lenders.

“Each of these individual acts represents decisions of the accused to carry out a criminal act. In this case, the defendant has shown a firm criminal intent for a long time,” it is stated in the verdict.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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