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Question surrounding Victor Muller's consultancy fees as Saab automobile craved money in the last minutes before bankruptcy

Friday, 24 May 2013

Question have continued to be asked seeking clarification about where all the money within the Swedish automaker, Saab automobile went to just a few months before the company went under. It is being claimed that the last bastion of money that was left was signed over by the CEO and Chairman, Victor Muller in a buzzard and controversial fashion

The Swedish business daily, Dagens Industri writes that the agreement, which gave Victor Muller million in consulting fees, was signed as late as two days before Saab Automobile filed for reorganization. Victor Muller had also billed for a bonus that he was not entitled to.

This means that as the company was struggling to get money to survive, Muller was seeking ways of lining his pocket out of a struggling organisation.

The Swedish paper adds that the criminal investigation of how Saab Automobile, under Victor Muller span to its death  and this role in it rolls on. Chief prosecutor Olof Sahlgren expects to interrogate a dozen other people. According to him, the payments recorded as external consulting costs, were not correct.

Originally, there were also no written agreement on how much Victor Muller had the right to be billed, or for what. Yet Saab still paid out hundreds of thousands of  Krona a month. In 2010, Skr4 million  was paid to Victor Muller's company, writes Dagens Industri.

Only on 5 September 2011 was a formal agreement written. Victor Muller was then left alone on the Saab Board. Two days later, the company applied for reconstruction.

Payments were also characterized by major accounting deficiencies. This, according to accountancy firm Grant Thornton, which was commissioned by Saab's bankruptcy administrators to study in detail certain areas, including payments to Victor Muller's company.

The auditors also notes that Victor Muller in April 2011 billed the 2010 bonus of Skr1.3 million. Saab was then was "under extreme liquidity pressure." Moreover, he was not entitled to any bonus, as far as Grant Thornton could see.

According to the firm, former CEO, Jan Åke Jonsson had approved the bonus invoice.

Based on the above the question and picture now emerging is weather Muller killed Saab automobile.

by Scamcomark.com

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