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Stockholm court denies Cherry chief executive bail

25th May 2018 8:21 am GMT

Anders Holmgren, chief executive of Swedish betting and gaming operator Cherry, has been remanded in custody by a Stockholm court as he prepares to face charges of insider trading.

The Stockholm District Court accepted a request Thursday by the prosecutor to detain Holmgren until trial, rather than release him on bail.

The court said that it found reasonable grounds to hold Holmgren in custody due to the "severe" insider trading allegations against him.

He was arrested on Tuesday [...]

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