One of Sweden’s top businessmen Sverker Martin-Löf quit as chairman of industry giant Industrivärden this week amid a scandal over private jets and hunting trips. The Local looks at one of the biggest corporate scandals in Sweden in decades.
Industrivärden made an official announcement about the reshuffle on January 22nd, following reports of “excessive” use of private jets and wives and children accompanying executives on foreign business trips including to the Olympic Games in London in 2012. It was also claimed that managers’ families had been taken to a hunting lodge owned by a forestry and paper firm (SCA), which the investment company owns a huge chunk of.
The chairman of Industrivärden, Sverker Martin-Löf, will officially step down as chairman of Industrivärden at a company meeting this spring, and is also giving up his board seats at several companies.
…Industrivärden executives apparently took their families to watch the Olympic Games in London. Photo: TT
source: The Local