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Swedish authorities raid Starbreeze over insider trading

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The developer says a single person is under investigation, not the company itself.

Swedish authorities have raided developer Starbreeze, arresting one as part of an investigation involving suspected insider trading.

Several Swedish news outlets such as Expressen (via GamesIndustry) have reported that the Swedish Economic Crime Authority (ECO or EBM) raided Starbreeze’s office during this morning, local time.

“This morning officials from the Swedish Economic Crime Authority raided the offices of Starbreeze in Stockholm. One person was arrested and items were seized,” the ECO’s Niklas Ahlgren confirmed with GamesIndustry. ” The raid is part of an ongoing investigation involving suspected insider trading.”

As part of the raid, the ECO has seized computers and documents from Starbreeze itself. The developer acknowledged this and was careful to point out that Starbreeze itself is not under investigation.

“The company as such is not the subject of any suspicion,” Starbreeze Investor Relations Chief, Charlotte Svensson, said to Expressen. “The company cooperates with the ECO. The event does not affect the company of the ongoing business reconstruction.”

Starbreeze has had it rough of late; earlier this week, the company filed for reconstruction with the Stockholm District Court and CEO Bo Andersson resigned from both his position and the company board of directors. The reconstruction filing — similar to bankruptcy — was over financial woes resulting from poor sales of Overkill’s The Walking Dead.