New defeat for convicted Allra fraudsters

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Published 27 August 2021 at 12.46

Economics. The Swedish Pensions Agency's lien of SEK 190 million against Allra's subsidiaries in Luxembourg remains. The Swedish Pensions Agency thus has a chance to get back some of the funds that Allra's foreign company Allra Asset Management has blown pension savers on, reports Dagens Industri.

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On July 22, Allra founder Alexander Ernstberger was sentenced to six years in prison in the Court of Appeal. He and three accomplices were also sentenced to repay SEK 314 million jointly and severally. has kept him as a customer & ndash; The Bank of Åland and Swedbank.

In 2018, the Swedish Pensions Agency sued the company in Luxembourg in a separate civil case. An initial request to secure assets was granted immediately, but was revoked after one week. Now, however, the authority's request for attachment has again been approved, in an amount corresponding to SEK 190 million, according to Dagens Industri.

When the crimes were discovered, Allra Asset Management handed over a large part of its assets to the Bank of Åland, which also took out mortgage deeds in Ernstberger's villa on Lidingö to try to prevent the cheated savers from getting some money back. According to DI, however, the value of the deal with the Bank of Åland cannot be assessed.

DN already reported in 2017 on how “Allra directors' private bank beat millions before the Enforcement Officer – can be criminal”. But despite this, no one from the Bank of Åland, where the former Prime Minister Göran Persson (S) sat on the board when the deals were made, has been prosecuted for the money laundering deals around Allra.

current situation.