Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Nordea swindlers get 10 years in jail

Share this article

15:17 CEST+02:00
Oslo district court has sentenced four men and one woman to between four and ten years of prison for their part in swindling nearly 90 million kroner ($16 million) out of Nordea bank and into accounts in Dubai.

The court ruled three of the men must pay back 62 million kroner for having transferred sums in the tens of millions in several illegal transfers.

The woman whose account was targeted is Randi Nilsen, the 65-year-old widow of Norwegian real estate developer Walter Nilsen. He built his firm Block Watne into one of Norway’s first post-oil-boom business successes in the 1990s.

One of the accused worked for the bank and gave power of attorney to another of the five who proceeded to move over 89 million into accounts in the United Arab Emirates.

The bank succeeded in reclaiming just 27 million of the stolen funds, and the remainder formed the basis of the court’s repayment order.

Randi Nilsen is one of Norway’s wealthiest women with a fortune estimated to be 400 million kroner. Her son told newspaper Dagens Næringsliv that the attack on his mother’s account was coincidental but otherwise would not comment on the case.

Get notified about breaking news on The Local

Share this article

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?