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Accel Europe supports jailed partner. (Fund News).(Kaj-Erik Relander arrested)(Brief Article)

Private Equity Week

| December 09, 2002 | Aragon, Lawrence; Primack, Dan | COPYRIGHT 2002 Thomson Financial Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Accel Partners last week voiced strong support for a European general partner who was arrested on Nov. 26 on suspicion of breaking Finland's privacy laws when he was chief executive officer of Sonera Corp.

Kaj-Erik Relander, a general partner in the $500 million Accel Europe Fund LP, was still being held by the Finnish National Bureau of Investigation as of mid-day Dec. 5.

"Kaj [pronounced "Kai"] is a valued and trusted member of Accel, and he is still a full partner in our firm," says Kevin Comolli, managing director of Accel Europe. "He has told us that he's innocent of any wrongdoing and we'd be shocked if he were guilty."

Comolli emphasizes that Relander "has not been charged with any crime. He has been detained as part of a preliminary investigation."

Apparently, under Finish law, authorities may hold suspects longer ...

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