COLOSSAL LOSSES.

Auckland Star, Volume LXIII, Issue 98, 27 April 1932, Page 7

COLOSSAL LOSSES.

Kreuger Match Group World's

Greatest Swindle

£250,000,000 INVOLVED.

LONDON, April 26,

The city editor of the "Daily Express" understands that the investigators at Stockholm now estimate the total loss of the Kreuger Swedish match group companies at £250,000,000.

The affair was the greatest swindle the world has ever known.

The IO6SCB of British investors arc estimated at a minimum of £8,000,000, and losses in France, Holland and the United States are much greater.

STARTLING RUMOURS.

IVAR KREUGER'S DEMISE,

LONDON, April 20,

There are sensational and widespread rumours that Ivar Kreuger staged a bogus suicide and fled to Sumatra, leaving a waxen figure to be cremated.

The story is emphatically denied by the official French medical officer, says the Paris correspondent of the "NewsChronicle." The doctor declares that he saw the body soon after death, and was struck by the resemblance to the photographs taken of Kreuger before his death.

There can be no possible doubt that death was due to a revolver shot.

The Swedisli Consul at Paris, one of Kreuger's intimate friends, describes the rumour as an utter absurdity. He says that he saw the body three times before it was placed in the coffin.