Reports from the ongoing trial in Sweden of former Skandia executives - related to alleged charges with losses stemming from bonus structures - suggest chief prosecutor Christer van der Kwast has asked the court to pass a sentence of up to six years imprisonment for former chief executive Lars Erik Petersson for his role in the financial scandal.
Sweden's biggest morning newspaper Dagens Nyheter, which has been running a series of blogs written by its journalists attending the trial, says in its latest online edition the penalty was demanded in van der Kwast's summing up of the prosecution's case. Reasons for demanding such a tough sentence include taking account of Petersson's previous role as chief executive, as well as the actual sums of money involved. These factors mean, if found guilty, Petersson ought to at the very least face a sentence from the upper levels of the schedule used by courts in Sweden to determine punishments...
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