DnB NOR says 4 employees held in fraud case

OSLO, Aug 25 (Reuters) – Norway’s biggest banking group, DnB NOR (DNBNOR.OL), said police arrested four of its employees in Oslo on Tuesday on suspicion of loan fraud, which a newspaper said was linked to an alleged multi-million-dollar property scam.

The bank said it had suspected “several cases of loan fraud” in its branch offices in Oslo and in nearby Østfold county and had reported these to the police in 2008 and 2009.

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