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Cleaves Securities dismisses risk of imminent bankruptcy

Norwegian tax authorities demand that Cleaves Securities pays NOK 3.4m within one month. The money is on its way, says the chief exec.
Per Olav Karlsen is not worried that a bankruptcy could affect Cleaves Securities. "We are not going bankrupt. We will not be insolvent at any time," he says. | Photo: Cleaves Securities
Per Olav Karlsen is not worried that a bankruptcy could affect Cleaves Securities. "We are not going bankrupt. We will not be insolvent at any time," he says. | Photo: Cleaves Securities
by LIV ALMER

Cleaves Securities is good for the remaining NOK 3.4m (USD 309,000) owed by the investment bank to the tax authorities in Norway.

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