Website maintenance:

We will carry out maintenance on the website for a period to come. We apologize in advance for any problems this may cause. If you are unable to access the website it is probably due to updates. Please try to re-enter the website in 10 minutes time. Sincerely, The Web Development team!

Five charged for defrauding banks of NOK 40 million

Oslo District CourtOslo District Court.Photo: Håkon Mosvold Larsen / Scanpix


Five men are indicted in an extensive fraud case in Oslo. They are accused of created a fictitious housing cooperative and defrauding banks of large loans.

In December the trial will start in Oslo District Court against five men aged 28- 41 years who are charged with serious fraud. All of them are also accused of having been part of an organized crime group, writes the newspaper VG.

Three of the men are accused of having created a fictitious housing cooperative with an address that does not exist on Sofies street, in downtown Oslo.

Together, the three have defrauded ten different banks to disburse loans and grant credit totalling NOK 23 million to non-existent apartments.

Another extraordinary part of the charges apply to all five men.

They deceived the Norwegian Mapping Authority to record a forged deed, and were registered as owners of an apartment building at Grünerløkka in Oslo, according to the indictment.

When they applied for a NOK 45 million loan for apartments they did not own, is when the fraud attempt discovered by the bank.


Source: NTB scanpix / Norway Today