Oslo court sentences man to three years in prison for illegal king krab trade and money laundering

King crabPhoto: Terje Bendiksby / NTB
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The Court of Appeal has sentenced a man in his 40s to three years and four months in prison for money laundering, as well as the transport of illegally traded king crab.

According to the National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway (Økokrim), the man received more than NOK 17 million to his bank account, a dividend from a fraud in Belgium.

He will now have around NOK 17 million confiscated, according to a press release from Økokrim.

Strict legal reaction necessary

“Such actions are likely to undermine confidence in the financial sector and its stability. 

“It is, therefore, necessary to have a strict reaction in the form of a longer unconditional prison sentence,” the verdict from the Court of Appeal notes.

The verdict, which became more severe after Økokrim appealed to the Borgarting Court of Appeal, also includes the transport of more than 3.5 tonnes of illegally caught king crab from Finnmark for further distribution and sale in Southern Norway.

© NTB Scanpix / #Norway Today

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