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fromThe Local Germany
1 week agoGerman police launch raids in probe into Berlin blackout
Police conducted raids in Germany related to arson attacks that caused blackouts in Berlin, linked to far-left extremist groups.
Prosecutors allege that in 2024, the five suspects each sold large blocks of SoftwareOne shares before the company published two press releases that negatively impacted the share price. According to the Swiss public prosecutor's office, the suspects allegedly misused confidential information from the press releases. This allowed them to avoid financial losses of up to 2.49 million Swiss francs, equivalent to more than 3.1 million dollars.
'The alleged vandalism was against multiple homes, organizations, and businesses in multiple counties.' This investigation spans various jurisdictions, highlighting the extensive nature of the inquiry.