Feeds

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

Mystery over brutal attack on business partner

The essential guide to IT transformation

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
'Stop dissing Google or quit': OK, I quit, says Code Club co-founder
And now a message from our sponsors: 'STFU or else'
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
Don't even THINK about copyright violation, says Indian state
Pre-emptive arrest for pirates in Karnataka
The police are WRONG: Watching YouTube videos is NOT illegal
And our man Corfield is pretty bloody cross about it
Felony charges? Harsh! Alleged Anon hackers plead guilty to misdemeanours
US judge questions harsh sentence sought by prosecutors
Oz biz regulator discovers shared servers in EPIC FACEPALM
'Not aware' that one IP can hold more than one Website
Apple tried to get a ban on Galaxy, judge said: NO, NO, NO
Judge Koh refuses Samsung ban for the third time
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.