Four detained for extortion of former stock exchange CEO

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In November 2023, DN was able to reveal that Joachim Kuylenstierna, then CEO of the investment company Fastator, was subjected to a long series of blackmail attempts.

Via messages in the encrypted service Whatsapp, he learned that he had an alleged debt of SEK 100 million. If he did not pay, he and/or his colleagues or relatives would suffer various acts of violence. A picture of what could be assumed to be explosives was also sent to Kuylenstierna.

Just days later was followed and photographed by one of his colleagues as he drove from his home to the office in central Stockholm. A month or so later, another person with connections to the company Fastator had been subjected to two arson attacks aimed at his home, a villa in Saltsjöbaden.

Joachim Kuylenstierna left the CEO position in Fastator as a result of the turbulence. Both he and three others on the company’s board fled abroad in order to feel safe.

Ever since then, an extensive preliminary investigation has been underway. For some time now, six people have been in custody on suspicion of, among other things, attempted aggravated extortion, aggravated arson and aiding and abetting aggravated arson. All are men who moved in the gang criminal environment in Stockholm. According to DN’s sources, they have acted as executors.

Joachim Kyulenstierna has lived more in hiding since the blackmail against him began in November last year.

Photo: Fastator/Press image

On Friday was detained four more people, suspected of attempted aggravated extortion, aiding and abetting attempted aggravated extortion, aggravated drug crime and aggravated usury. According to information to DN, it is these people who are said to have ordered the extortion.

One of them is a close relative of Jonas Falk – once named as the ringleader in one of Sweden’s biggest drug cases of all time – “Operation Playa”. He was sentenced to 18 years in prison in the District Court, but was later acquitted in the Court of Appeal.

The relative is a 60-year-old woman, who was also previously investigated for serious crimes with connections to Jonas Falk. She was in custody for over a year and a half after her arrest in the Playa case and was eventually cleared of all drug charges, but given a suspended sentence for accounting offences.

The woman has also done business with Joachim Kuylenstierna by, among other things, buying shares in one of his former real estate companies. According to information given to DN, one of the police’s theories is that she believes that Kuylenstierna owes her the 100 million that she now allegedly tried to pressure him into. Kuylenstierna denies that he would have borrowed any money from the woman.

The woman was arrested on Wednesday in her home outside Mariefred, together with a 50-year-old man who had previously been suspected, among other things, of acting as the bully for Jonas Falk.

The arrest also made a large seizure of narcotics. Anna Stråth, prosecutor at the National Unit against International and Organized Crime, does not want to comment on how much or what kind of drugs the seizure involves.

Joachim Kuylenstierna was previously CEO of the investment company Fastator with an address in central Stockholm.

Photo: Roger Turesson

The woman is suspected now for attempted aggravated extortion and aggravated drug offence. The man, who was previously convicted of growing cannabis, is only suspected of serious drug offences.

A lawyer in his 30s and a 68-year-old, previously convicted of financial crime, were also arrested on Wednesday. The lawyer is suspected of aggravated usury and aiding and abetting attempted aggravated extortion, the 68-year-old is suspected of aiding and abetting attempted aggravated extortion.

There are four plaintiffs: Joachim Kuylenstierna and three of his former business partners at Fastator. According to information to DN, they have been given police protection throughout the course of the investigation. However, the threats continued until the day before the arrest. It should be about threats of very serious violence if the money was not paid.

Fastator, under the leadership of its board chairman Björn Rosegren, who temporarily took over the CEO post after Kyulenstierna, conducted an internal audit which showed that neither the company nor Joachim Kuylenstierna had been involved in anything criminal. According to information provided to DN, Rosengren has throughout the entire time been determined never to pay out any money, even though serious threats have been directed at his employees.

– He should take all the credit for that, says DN’s source.

All lawyers has received a yipping ban.

– The only thing I can say is that my client denies the crime, it is unfortunate that he was detained, says lawyer Kristoffer Stahre, who defends his industry colleague, the 30-year-old lawyer.

Prosecutor Anna Stråth is tight-lipped about the details.

– We are continuing the intensive investigative work we have conducted over the past six months, she says.

The article is in Swedish

Tags: detained extortion stock exchange CEO

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