Former CEO of Swedish pension Fund Company, paid himself well and provided himself with a great pension
Saturday, 28 September 2013
The board of Directors of the property company, Norrporten owned by the
Swedish wealth management company AP fund, is making a complaint about
its former CEO, Anders Wiklander, for fidgeting with the company's
account for his own self interest.
Norrporten / SVT
According to a new investigation, it has emerged that the company's
CEO, Anders Wiklander signed to himself, a hefty retirement agreement,
worth ten million.
It was in February this year that Swedish television revealed a
wasteful culture in the Company, Norrporten. There were reports of
luxury company cars, expensive trips abroad and highest wages compared
to the entire Swedish real estate industry.
Norrporten is wholly owned by the second and sixth AP funds, which is
the Swedish people's pension money that is invested for the future.
They are thus profiting from the Swedish people's pension money.
Former CEO of Norrporten, Anders Wiklander accused of financial misappropriation / SVT
According to an internal investigation of Norrporten carried out by
Swedish television, it emerged that CEO, Anders Wiklander, in 2004 gave
himself a pension agreement worth ten million without the knowledge of
the board or the chief financial officer.
According to reports, the multimillion pension self designed payments
could be seen as conflict of interest, breach of trust and be in
violation of the CEO's powers. The Board has therefore passed the
matter to the National Anti-Corruption Unit and crime prosecutors.
by Scancomark.com Team