Home
/ Ivar Kreuger
/ What was the state of Kreuger's businesses at the time of his empire's collapse?

What was the state of Kreuger's businesses at the time of his empire's collapse?

Declining
Expanding
Mostly profitable
Bankrupt

Answer

Despite the facade of success, Kreuger's businesses were largely unprofitable. His empire was built on a complex web of financial manipulations, including overvalued assets, fictitious loans, and hidden liabilities. The true state of his companies was concealed through creative accounting and a lack of transparency, leading to the eventual collapse of his empire.