Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1998
Fraud convictions involving executives and auditors
Three executives were convicted in a case involving fraud against creditors and investors. Auditors and other participants were also found negligent or otherwise penalized. The proceedings continued into civil litigation that concluded in 2000.
1991
Nordisk Fjer accounting and bankruptcy scandal
The company collapsed after years of rising debt, asset revaluations, inflated internal transactions, complex subsidiary arrangements, and allegedly misleading financial reporting. The failure was among Denmark's largest corporate scandals. Johannes Petersen, who had served as both chief executive and chairman, died by suicide before the full legal process ended.