Banks tangled up in bankrupt company

The IT Factory - apparently one big con.
The IT Factory - apparently one big con.
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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.

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