Sweden: Swedish Bribe Case Widens to Include Former Finance Minister

Author(s): Niklas Magnusson, Johan Carlstrom | Date: January 27, 2017 | Language: English
Source: https://www.bloomberg.com/ | URL: https://goo.gl/xIqQnP | Type: Text

Former Swedish Finance Minister Anders Borg and Fredrik Lundberg, a billionaire and one of the country’s most powerful investors, are suspected of bribery that’s alleged to have taken place during hunting events.
In his capacity as chairman of papermaker Holmen AB, Lundberg was told by Sweden’s National Anti-Corruption Unit that he’s suspected of having given a bribe, according to a statement last night. The suspicion arose in connection with an ongoing preliminary investigation into hunting events arranged by Holmen.
Borg, who served as Sweden’s finance minister between 2006 and 2014 and became an adviser to Citigroup in 2015, is suspected of taking a bribe, prosecutor Alf Johansson said by phone on Friday. Both Borg and Lundberg deny the allegations.

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