Former CEO of IAR Systems US subsidiaries, Nadim Shehayed, pleaded guilty to criminal embezzlement and sentenced to jail, probation and restitution
Stockholm, Sweden—October 7, 2021— I.A.R. Systems Group today announces that the former CEO / Country Manager at IAR Systems Software Inc, Nadim Shehayed, pleaded guilty to criminal embezzlement and was sentenced to a jail term, probation, and restitution. In 2013, due to the discovery of financial irregularities, criminal charges were brought against Nadim Shehayed, the former CEO / Country Manager of IAR Systems US subsidiary, IAR Systems Software, Inc. Mr. Shehayed pleaded guilty to three counts of criminal embezzlement in San Mateo County Superior Court in June 2021.The charges and