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King's Brazil trip a 'conflict of interests'

TT/The Local/dl · 7 Dec 2010, 11:10

Published: 07 Dec 2010 11:10 GMT+01:00

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When the King made trip to Brazil in March, his delegation included representatives from a number of Swedish companies.

However, the fact that the King is a shareholder in five of the companies included in the delegation puts the him at risk for a conflict of interests, claims Stockholm University professor Clas Sandgren, chair of the Institute Against Bribery (Institutet mot mutor).

“He shouldn’t act in a way such that the business promotion activities he carries out as head of state benefit companies in which he has personal economic interests,” Sandgren told Sveriges Radio (SR).

When asked if the Royal Court looks at whether the King is a shareholder in companies present in his delegation, the Royal Court’s financial chief Jan Lindman said the Swedish foreign ministry was responsible for organising the trip.

He added that, in the view of the Royal Court, the King’s private economic interests were “absolutely not” advanced by the visit.

Caroline Vicini, the head of the foreign ministry’s protocol department, which arranged the state visit to Brazil, told SR that such visits are designed to promote Sweden’s interests.

“The only thing I can say is that we work within a system which is set up to promote Sweden’s interests and not the interests of a specific individual,” she said.

Vicini added that, as far as she knew, the presence on a state visit of companies in which the King owned shares didn’t break any laws.

Story continues below…

Sandgren pointed out that even though the King is immune from prosecution, he should be as open as possible about the companies included on state visits to reduce the risk that he is perceived as unable to separate his private economic interests from his duties as head of state.

TT/The Local/dl (news@thelocal.se)

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Your comments about this article

16:33 December 7, 2010 by Frobobbles
Ridiculous. Everyone understand that swedish state officials promote swedish companies. Including the king. There is no 'conflict' here, it is all about the money.
00:31 December 8, 2010 by jackx123
this is nonsense. it's like saying that the swedish PM is doing the same since he most likely is a shareholder in many swedish companies through investment funds etc.

what needs to be established what degree of shareholding is held parai pasu with the rules of the stock exchange
19:37 December 9, 2010 by kingdavid
Absurd the Swedish King is promoting Swedish companies-guess what that is good for the country and the economy.

I have been making comments on the Local so I should tell you a bit about my historical background. My last name has been butchered over the generations but check this out:

My background-the spelling of the last name has been butchered over the generations- My name is David Sebastian Aschinberg De Toffoli, Aschinberg is my father's name.

Rutger von Ascheberg.

Count Rutger von Ascheberg (1621-1693) was a soldier, officer and civil servant in Swedish service, being appointed Lieutenant General in 1670, General in 1674, Field Marshal in 1678, Governor General of the Scanian provinces, i.e. the Swedish provinces of Scania, Halland and Blekinge, in 1680, and Royal Councilor in 1681.



1 Biography

2 Marriage and children

3 Legacy

4 References

5 See also


He was of an old Westphalian family that had emigrated to Courland in the 16th century. At the age of 13 he served as page at the Swedish army in Germany. He was present at the Battle of Nördlingen in 1634.

In 1639 he left the army for studies in France. At the age of 19 he was drafted to a Hessian cavalry regiment in Swedish service. He distinguished himself at the Battle of Wolfenbüttel 1641 and though wounded in the Battle of Breitenfeld 1642 he fought bravely under Lennart Torstenson in the latter years of the Thirty Years' War, and in Poland.

In the war against Denmark he led his own cavalry regiment in 1655 and was promoted Colonel in 1657.

He was badly wounded at the attack on Copenhagen in 1658. When he was brought to Sweden to recover it was the first time he actually sat foot in Sweden proper, though he had served in the Swedish army for almost 24 years.

In the Scanian War he distinguished himself at the Battle of Halmstad 1676 and at the Battle of Landskrona 1677.
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