the acclaimed notification received Swedbank’s CEO Michael Wolf kicked on the day of a week ago to move trades through the scandalous Oniva Online Group. The state sources SvD Business. It’s about transactions that were made in 2013.
Michael Wolf’s attorney confirms the information for Dagens Industri, also reached by the data:
– He can confirm that he has bought shares in the company in 2013 and 2014. He has never itself sold any shares in the company. However, within the framework of a discretionary management sold recently, says Leif Gustafson Di.
Oniva Online Group, active in hosting and marketing, and Swedbank have had a close business relationship. Autumn 2012 was IT company in crisis, and then granted two loans by Swedbank totaling SEK 25 million.
The loans were given on certain conditions, including based on the company’s profits. In other words, Swedbank had good insight into the company’s finances. Oniva Online Group results improved, thanks in part to the loans. It made the share price to rush in 2013.
But Michael Wolf denies that he had access to inside information when he made the share transactions.
– He is very surprised to now find out that there is this as suspicions about. He has never had access to inside information and he has made a loss of business, says Leif Gustafson DI.
Everything indicates that the share transactions were not particularly good for Wolf. Online Group has been under fire several times. In the summer of 2014, the company announced that accounting has had major deficiencies in the accounts. It received shares dropping 45 percent in one day and then perform the journey on the stock market continued.
It has also been closed by its own chief financial officer for suspicion of criminal charges.
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