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Starbreeze's Stockholm offices raided by Swedish authorities, one person arrested

Starbreeze's Stockholm offices raided by Swedish authorities, one person arrested

The Stockholm offices of games firm Starbreeze have been raided by the Swedish Economic Crime Authority (ECO).

The news was confirmed to GamesIndustry.biz by ECO, who said that one person had been arrested in the search.

This follows the news that the games firm had filed for reconstruction after Overkill's The Walking Dead failed to hit expectations. CEO Bo Anderrson announced his resignation, too.

In its financials for Q3 2018, the company revealed that its losses had tripled to $11.3m.

"This morning officals from the Swedish Economic Crime Authority raided the offices of Starbreeze in Stockholm," the organisation said.

"One person was arrested and items were seized. The raid is part of an ongoing investigation involving suspected insider trading."

Meanwhile, Starbreeze added: "On Wednesday Swedish Economic Crime Authority has conducted a search query at Starbreeze AB. The company has been informed that this has occurred due to suspicions of insider charges. The company as such is not subject to any suspicion. The company cooperates full with the Swedish Economic Crime Authority. The event does not affect the company or the ongoing business reconstruction.


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PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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