Fraud insider reveals share-dividend details
In the ongoing controversy surrounding the share dividend scandal a British former investment banker involved in developing the scheme has provided an insight into how the Danish state was scammed out of billions…
MoreBusiness Minister dismisses ‘carbon leakage’ fears
Business Minister Simon Kollerup has dismissed concern from east European countries that they could lose out from ‘carbon leakage’, in which companies transfer production to countries with weaker climate policies in order to…
MoreGovernment earmarks $5.5m to counter terrorism
The government has pledged a further DKK37m ($5.5m) to the war on terror. Speaking on the sidelines of the UN Global Summit in New York, Foreign Minister Jeppe Kofod said the aim is…
MoreSocial Democrats back down on tax increases
The Social Democrat government isn’t ready to increase the tax on capital income and share earnings in next year’s budget, a key issue for the party when in opposition. In a mail to…
MoreAuthorities failed to react to India bribe allegations
Danish authorities and the police were warned of alleged bribery at Carlsberg’s Indian subsidiary in 2018 but failed to react. Correspondence seen by Berlingske reveal how the State Prosecutor’s Office for Serious Economic…
MoreRetail sales stable during sale period
Retail sales remained stable in August. The latest Statistics Denmark figures show sales grew by a slight 0.3 percent month-on-month in August, after remaining unchanged in July. In June, sales increased 0.6 percent….
MoreBanks demand confidentiality
Bankers Association Finance Denmark has backed moves to offer more protection to bankers that are legally required to report on customers involved in suspicious transactions. The government wants to make it possible to…
MoreBusiness shorts
Siemens fires 600 / Vestas expands in Australia / Carlsberg aims for zero water waste …. Siemens Gamesa will lay off up to 600 employees, a continuation of its €2bn cost reduction plan…
MoreTax employee wasn’t qualified to investigate share dividend scam
A head of department at the tax agency who was responsible for approving multi-billion refunds in the share dividend scam has admitted she wasn’t up to the job. Dorthe Pannerup Madsen, who was…
More‘Tolerated stay’ refugees on the rise
The number of failed asylum seekers granted ‘tolerated residency’ until they can be safely deported is slowly rising again. The latest Danish Immigration Service figures show there are currently 89 people with tolerated…
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