Swedish ministers profit from Lundin: report
Published: 13 Mar 12 08:05 CET | Print version
Online: http://www.thelocal.se/39634/20120313/
Over half of Sweden’s government ministers have shares in investment funds that put money into Sweden-based oil giant Lundin Petroleum, a new report has revealed, prompting quick action by ministers who claimed they were "unaware" of the finer details of their portfolios.
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Among those involved are prime minister Fredrick Reinfeldt, foreign minister Carl Bildt and EU minister Birgitta Ohlsson.
When confronted with the allegations, Ohlsson claimed she was fully aware of the holdings in her investment portfolio, and acted immediately.
“I have chosen to do my part by selling all of my funds,” she told the paper on Tuesday.
“There are probably many who were unaware of this. It's about Sweden's most common funds which own shares in several hundred companies that are continuously being replaced."
Meanwhile, political scientist Ulf Bjereld argued that politicians have a “moral responsibility” to watch over their own portfolios.
Lundin Petroleum has come under fire on several occasions, notably after they allegedly broke international law with crimes against humanity in South Sudan between 1997 and 2003.
Other ministers have refused to comment on the matter, according to Aftonbladet, and Reinfeldt’s press secretary has stated that he does not believe ministers should comment on their personal portfolios.
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http://www.lundin-petroleum.com/sve/shareholder_statistics.php
where one can see that AMF Försäkring & Fonder is the 6th largest shareholder. AMF is a huge insurance and pension organisation owned 50% by the socialist trade-union organisation LO. Half of the board members of AMF are from LO. And the 14th largest shareholder of Lundin Petroleum AB is AFA Försäkring. Also an insurance giant that is owned one third by LO.
So it's high time that AB swept in front of its own socialist doorstep before criticising others for having a vague indirect investment in Lundin through funds owned by a large part of the Swedish population. Sad also that The Local blindly reprints muck written by Aftonbladet.