General Gaming News

Swedish ECO authorities raid Starbreeze offices, arrest one

Overkill's The Walking Dead Misses Revenue Targets

The saga of the breakdown of Starbreeze and their subsidiaries just got a lot weirder. After the financial failure that was Overkill’s The Walking Dead, the company has been working to recover and keep their head above water. The team has also continued supporting The Walking Dead, as they just released the first batch of season two content.

But the more important news today concerns a surprise raid on the Starbreeze AB offices in Stockholm by the Swedish Economic Crime Authority. The ECO showed up and searched the offices, seizing documents and computers pertaining the investigation, which allegedly involves insider trading. Authorities also arrested one person whose identity has not been disclosed.

And even though this raid and associated investigation happened so soon after the company announced a reconstruction plan, the two events are seemingly unrelated. Starbreeze released a statement saying that they are cooperating with the ECO investigation, and that the wider company is not suspected of any involvement at this time.

It’s unclear what the future of the company will turn out to be, but with the recent financial troubles and the departure of the previous CEO, things are looking a little rocky.

The full statement from the company is as follows:

“On Wednesday Swedish Economic Crime Authority has conducted a search query at Starbreeze AB. The company has been informed that this has occurred due to suspicions of insider charges. The company as such is not subject to any suspicion. The company cooperates full with the Swedish Economic Crime Authority. The event does not affect the company or the ongoing business reconstruction.

Starbreeze has no further information on the matter.”

Source: GamesIndustry.biz

 

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