Feeds

Danish IT chief 'on the run', suspected of fraud

Mystery over brutal attack on business partner

Secure remote control for conventional and virtual desktops

Interpol is seeking the missing boss of a bankrupt Danish IBM reseller IT Factory, who is suspected of frauds totalling $85m.

Local police are also investigating a brutal attack on a reported business partner of Stein Bagger days before his disappearance.

Danish daily Berlingske Tidende reports that Bagger left his wife last Thursday during a combined business and leisure trip to Dubai.

The saga is gripping Denmark. Bagger was known as one of its most charismatic business figures, who had presided over spectacular turnaround and growth of IT Factory. According to Computerworld Denmark it reported doubling of revenue and profits for each of the past three years.

Now financial authorities are investigating claims that success was based on fraud. On the same day Bagger disappeared, IT Factory chairman Asger Jensby applied to declare the company bankrupt, saying his signature had been forged on contracts.

As the scandal escalated, it emerged that on Monday last week, a man who claimed to own 50 per cent of Agios United SA, a Bagger company registered in Polynesia, was assaulted outside his home. "He was beaten with a blunt instrument, but we do not know what it exactly was," Nordsjællands police spokesman Henning Svendsen told the local newspaper.

Danish news sources are not reporting the identity of the victim, who was hospitalised and received 25 stitches. Bagger flew to Dubai the day following the assault.

Berlingske Tidende reports the Bagger family said: "We will not comment on commercial issues related to IT Factory and Stein Bagger's activities, which we have no knowledge of."

Bagger has not been charged with any crime. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.