In November last year, an investigation into Swedish ecocrime was launched against Heimstaden Bostad and the Swedish life insurance company Alecta, where corruption was one of the charges. According to the Swedish public prosecutor’s office, there must be serious bribery, serious acceptance of bribes and serious disloyalty towards the client.
Now the case gets new elements. According to sources for Dagens Industri, it is about bosses at Alecta, who were responsible for the investments in Heimstaden Bostad, suspected of having been bribed by the company’s founder and Norwegian big owner Ivar Tollefsen.
Among other things, there are suspicions that Alecta employees have received exclusive holidays in South Africa and France, writes Dagens Industri.
Bosses had to go
Alecta, Folksam and the Swedish Pensions Authority have invested tens of billions of pension funds, mainly in recent years, in Heimstaden Bostad. Finansavisen has previously written that Alecta alone has raised NOK 49 billion – the largest investment the company has ever made.
In the spring of 2023, CEO Magnus Billing was fired, and the chairman of Alecta resigned after the Swedish Financial Supervisory Authority initiated an investigation
Last year, Alecta wrote down the Heimstaden Bostad values by as much as 25 per cent, or SEK 12.7 billion. Of this, 8.7 billion was written down in the fourth quarter.
Tags: Suspected bribery Finansavisen
