FPC board member taken into custody

January 23, 2017 - 

Fingerprint Cards has revealed that former CEO Johan Carlstrom and board member Lars Soderfjell have been taken into custody for alleged market abuse in conjunction with the company’s profit warning in December 2016.

“We take very seriously on these events and the information that now has come to our attention,” said Jan Wäreby, chairman of the board at Fingerprint Cards. “We are of course cooperating with the Swedish Economic Crime Authority.”

The company reports that operations are not affected by these events and that no decisions have been made regarding Lars Söderfjell’s participation in the Board.

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Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. Connect with Stephen on LinkindIn.