Annonce
Annonce
Annonce
News in english

Banks tangled up in bankrupt company

Team CSC-Saxo Bank is not the only casualty of the IT Factory collapse - Danske Bank and Nordea have also lost money.

Gem til liste

The CEO of the IT Factory Stein Bagger has disappeared, leaving a bankrupt company with no money, an international cycling team without its main sponsor and two major banks with millions of kroner down a bottomless pit.

According to DR Nyheder one of the companies out on a limb is Danske Leasing - which is owned by Danske Bank - and another is Nordea Finans owned by Nordea Bank.

Leasing circus

According to DR Nyheder, Stein Bagger Danske Leasing owes vast sums after an extensive con trick. Bagger is alleged to have built up a leasing circus designed to show major turnover and profits in the IT Factory - but which, in fact, had no base in any real assets.

Forged leasing agreements with Board Chairman Asger Jensby's signature have been produced as well as orders which must be false, as the products they name do not actually exist.

Turnover
In one example, a partner sells hardware for a hosting centre to the IT Factory. Funds for the purchase are borrowed through a leasing company, which pays out DKK 51 million to be paid over 36 months. The partner then buys licenses from the IT Factory, ensuring a good turnover.

The leasing roulette provides a large flow of funds and the ability to pay leasing companies back - for a time.

The merry-go-round appears to have been almost the entire turnover of the IT Factory, with some DKK 500 million having disappeared.

Bagger
Nothing has been heard from the IT Factory CEO Stein Bagger since he disappeared on November 27 in Dubai.

"We're very worried and afraid something has happened to him," his family writes in an email to Ritzau.

Bagger is being sought by Interpol after being reported missing by his wife and has been reported to the police for fraudulent dealings.

PolitikenPlus
  • Skammel Étbenet skammel til opgaver i de lave højder. Den étbenede skammel følger kroppens bevægelser når du vipper og drejer på den unikke, buede fod. Sid godt og undgå belastninger på ryg og knæ.

    Pluspris 269 kr. Alm. pris 319 kr. Køb
  • Wild Card Køb dit Tivoli Wildcard til Pluspris - kun 725 kr. og få fri entré til Tivoli i hele 2014 ? både sommer, i efterårsferien og til det hyggelige julemarked.

    Pluspris 725 kr. Alm. pris 850 kr. Køb
  • Sidetaske Funktionel sidetaske fra Eastpak i retro look, og med mange praktiske detaljer. Tasken er produceret i slidstærkt polyester og fås i to farvekombinationer.

    Pluspris 595 kr. Alm. pris 699 kr. Køb
  • Skridttæller Smart skridttæller, Omron Walking style one 2.1, som skal klipses fast på bukselinningen.

    Pluspris 165 kr. Alm. pris 195 kr. Køb
  • Tekande Tekande med tekst på siden er en del Keith Brymer Jones´ "Word" serie, som har været en bestseller i både England og NYC i flere år. Form og funktion kombineres for at skabe moderne keramik.

    Pluspris 379 kr. Alm. pris 450 kr. Køb