The de-throned CEO of the bankrupt IT Factory company in Denmark Stein Bagger has admitted committing fraud to the tune of DKK 831 million (EUR 111.5m/USD 151.2m), according to TV2 News.
Bagger has previously admitted fraud and the falsification of documents but has denied that such major funds were involved. He is currently in a remand hearing, at which judges are to determine whether he should remain in custody.



























