Lundin Petroleum facing a € 318 million penalty

The Swedish Prosecution Authority on 1 November 2018 notified Lundin Petroleum A.B. that the Company may be liable to a corporate fine and forfeiture of economic benefits of SEK 3,285 (app. € 318 million) for involvement in war crimes and crimes against humanity. The amount equals the 2019 cash dividend to Lundin’s shareholders. The Prosecutor’s …

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Swedish Government gives green light for war crimes trial against Lundin Petroleum

The Financial Times reported on 18 October 2018 that the Swedish Government has approved a request by the prosecutors to take Ian Lundin and Alex Schneiter to court for aiding and abetting war crimes. Sweden’s justice minister commented that the Chair and CEO of Lundin Petroleum S.A. may face lifetime imprisonment if found guilty. Lundin …

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Lundin Petroleum accused of witness tampering

Dagens Nyheter on 6 August 2018, accused Lundin Petroleum of involvement in bribing, threatening, and persecuting witnesses in the war crimes investigation into the company’s top management. In an editorial comment, the company was compared with organised crime. For a rough translation of the article, see underneath. https://www.facebook.com/unpaiddebtsudan/posts/2351232068227322?__tn__=K-R

Fuel for Conflict – Investors and the case of Lundin Petroleum in Sudan

Swedwatch and Fair Finance Guide, Sweden has published a report Fuel for Conflict – Investors and the Case of Lundin Petroleum in Sudan, on April 27, 2017. The report states that all companies have a responsibility to respect human rights in their business operations. For investors, this responsibility extends to the operations of the companies they …

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