After driving Saab into bankruptcy it seems that Victor Muller’s Spyker will still come out of it pretty well. Accounting gymnastics will give Spyker (Saab’s former owner) a profit of some 140 million kronor (€16 million).
Svenska Dagbladet reports (free translation):
Saab Automobile’s bankruptcy has a shortfall of over nine billion kronor (€900 million) and many creditors will not get a penny. But Saab’s former owner, Spyker, has managed to show a profit of over 140 million kronor just because of the Saab bankruptcy. “It sounds very strange that Spyker makes a profit because of Saab’s bankruptcy. But we don’t know what lies behind and what legal documents were drawn up between the companies”, said Marie Karlsson Tuula, associate professor of civil law and specialist in bankruptcy matters. ….
The k2p blog 