Expert on the Minister's Shareholding: "Be Cautious"

This week, Sveriges Radio revealed that Foreign Minister Maria Malmer Stenergard (M) last year bought shares in the Swedish IT and defense company Mildef. Now Ekot reports that the minister participated in a government decision that later came to benefit the company.

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Expert on the Minister's Shareholding: "Be Cautious"
Photo: Viktoria Bank/TT

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When Malmer Stenergard bought the shares in May last year, it was known that Sweden intended to purchase new combat vehicles 90, and Mildef is a subcontractor to the combat vehicle. Just one month after the share purchase, the government made a decision to authorize the defense to buy combat vehicles, and according to Swedish Radio, Malmer Stenergard participated in the decision.

She should not have done so, according to several experts.

One should be very cautious regarding decisions that can affect companies where one owns shares, says Joakim Nergelius, professor of law at Örebro University, to Ekot.

Malmer Stenergard, who was the Minister for Migration when she bought the shares, believes that she has done nothing wrong.

For me, it has been central to follow the rules regarding conflict of interest, which means that I cannot participate in making a government decision that concerns a company in which I have share interests, and I have not done so, she says.

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

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