Prosecutor ends inquiry

Prosecutor Alf Johansson has decided to end the inquiry into elk hunting trips organised by paper making giant Holmen. Anders Borg, the former finance minister, investor Fredrik Lundberg and Pär Boman, chairman of Handelsbanken, were among those questioned by prosecutors investigating allegations of bribery connected to the hunting trips.

Anders Borg expressed relief after the prosecutor ended the inquiry, saying: “I have been certain all along that I acted correctly, but it is still a huge relief that the process has come to an end”.

According to Holmen CEO Henrik Sjölund, the company intends to continue with its hunting trips.

Several top names in firing line

Late on Thursday forestry company Holmen announced that the company’s chair and principle owner Fredrik Lundberg was under suspicion of bribery in connection with Holmen’s hunting trips. Early on Friday morning came the news that deputy chair of investment company Kinnevik and former Finance Minister, Anders Borg, was also under suspicion.

Hans Strandberg, Borg’s lawyer, says, “It concerns a hunting trip he took part in when he was no longer finance minister. However the prosecutor is linking the hunt to his duties as minister.” According to DI the National Anti-Corruption Unit is focusing its investigation on decisions affecting the forestry industry taking by the Ministry of Finance during Borg’s time in office.

Earlier media reports claimed that Anders Borg has paid around SKr 2,500 himself for each hunt, which is considered to be under the value of such a trip. On Friday Borg sent a text message to DI saying: “I am convinced that I have handled this correctly.”

DI reports that the prosecutor is planning to question a further three to six people who participated in the hunts.