BillerudKorsnäs reports serious fraud to Swedish police
BillerudKorsnäs has during June 2016 been exposed to serious external fraud of an advanced nature. The company has, despite rigorous control mechanisms, been deceived to make payments on the basis of false invoices. The situation was quickly identified by the BillerudKorsnäs finance function and the extent of the fraud could therefore be limited through recovery of major parts of the payments. After these measures, the maximal damage is about SEK 25 million. The fraud has been reported to the Swedish police who is currently investigating the case. BillerudKorsnäs has initiated an