Calls to Tighten Rules on Swedish Ministers' Stock Transactions

Sweden is lagging behind other countries when it comes to conflicts of interest and should tighten the rules for ministers' stock purchases, according to the organization Transparency International Sweden.

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Calls to Tighten Rules on Swedish Ministers' Stock Transactions
Photo: Lars Schröder/TT

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Both Foreign Minister Maria Malmer Stenergard (M) and Labour Market Minister Mats Persson (L) have, according to revelations from Sveriges Radio Ekot, carried out questionable stock transactions linked to political decisions they had proximity to.

Ulrik Åshuvud, Secretary-General of Transparency International Sweden, tells Ekot that Sweden should introduce a system based on the one Norway has.

There, ministers must either sell their shares, not touch them while serving as minister, or let a trustee manage the transactions separately.

Similar proposals have come from law professors whom Ekot has spoken to.

Malmer Stenergard bought shares in the defence company Mildef at the same time as Sweden negotiated what would become a billion-kronor order for vehicles that Mildef supplies equipment for. Persson bought shares in Ericsson on the same day the government granted two billion kronor to a research initiative that Ericsson had requested.

Both Mats Persson and Maria Malmer Stenergard have said that they have done nothing wrong and that they have followed Swedish regulations.

Despite this, both have been reported to the Riksdag's Constitutional Committee.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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