Increasing possibility of prosecution

Lundin Petroleum believes the probability has increased that Board Chairman Ian Lundin and CEO Alex Schneiter will face charges over possible crimes against international humanitarian law in Sudan.

The two were questioned by the Swedish international prosecutor last year and formally notified in November 2016 that they were suspected of committing international crimes in Sudan between 1997 and 2003. Lundin Oil and Lundin Petroleum operated in South Sudan at that time. The CEO and chairman have since been summoned for further questioning in 2017.

“It is not a good sign that the prosecutor has not closed the case,” says a well-informed source to business daily Dagens Industri.