News

February 7, 2024

Escobar’s CEO who sued Klarna for millions is now in custody for fraud

The Swedish CEO is suspected of crimes such as fraud, smuggling and money laundering


Mimi Billing

4 min read

Olof Gustafsson posing with Roberto Escobar holding a Fold 1 in Medellin, Colombia.

Back in 2020, Sifted reported on how the Kalashnikov-wielding CEO of a company that manages the trademark of deceased Colombian drug lord Pablo Escobar was taking Klarna to court — saying that the Swedish fintech was withholding €400k that it owed his business.

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Photo of The chief executive of Escobar Inc, Olof Gustafsson, posing with a kalashnikov during a visit to Russia. Photo: Twitter.
The chief executive of Escobar Inc, Olof Gustafsson, posing with a Kalashnikov during a visit to Russia. Photo: @olof_gustafsson on Twitter.
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Escobar fold 1 is shown on Escobar Inc's youtube channel.
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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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