Schultz: Swedbank uthängning Wolf is unique – Swedish Dagbladet

Swedbank’s former CEO Michael Wolf and Mårten Schultz, professor of civil law. Photo: Lars Pehrson, Malin Hoelstad

Mårten Schultz is a professor of civil law and have followed the reporting on Swedbank’s management of Michael Wolf. He is amazed at how the bank has chosen to treat its former president.

– I can not recall that it has happened like in a company of this size. One hopes that they have very dry at the feet of the opinion that they can not tell what he is suspected of, because now they let him dangle for the whole of Sweden, says Schultz.

Based on the Swedbank has announced it is natural that there will be speculation about the case of a serious crime. Thus, we must also set high standards for transparency, says Schultz.

– I find it hard to understand why you can not tell what crime the case, then of course Michael Wolf a chance to give a contrasting picture. Now he’s tied behind his back.

There is a big difference if one is suspected of insider dealing, or if for example it is about not having reported a deal in time.

the preliminary investigation that has begun concerning suspected market abuse and Schultz points out that the rubric encompasses very different types of crimes.

– There I react to is to have a press conference where the president singled out as a suspect, but there is a big difference if one is suspected of insider dealing, or if for example it is about not having reported a deal in time. It’s very different types of crimes, says Schultz.

It is obvious, according to Schultz, the process has already brought great harm to Michael Wolf as a person. Particularly serious is that it is the former employer who made the complaint.

– Michael Wolf appears in the trust industry and these are things that put themselves, even if it turns out that there will not be prosecuted. When accused of this spectacular way of his principal is something that lingers.

It was on Monday, difficult to get additional information about what crime Michael Wolf is suspected. Prosecutors Olof Kronlund did not even comment on whether Mr. Wolf knows what suspicions apply.

Another big question mark Wolf affair statements of Swedbank’s Chairman Anders Sundstrom that he was prevented to tell the Board if the notification had been sent to the FSA and that same day, Friday, February 5, ended up at the prosecutor’s table.

One possibility is that Anders Sundström has been told that he must keep quiet.

Economic Crimes Bureau said at the weekend that any such prohibition Sundstrom talking about does not exist in law. Mårten Schultz is not aware of anyone who has interpreted the law in that way.

– One possibility is that Anders Sundström has been told that he had to keep quiet, but everyone I have been in contact with questions the this interpretation, says Schultz.

SvD asked Swedbank to specify the legal text to lean against when it comes Sundströms ban to tell the board about the complaint but Swedbank had on Monday afternoon not returned with any information.