Per Bolund’s gentle questioning in the KU — and the media’s subsequent light tap on the wrist — didn’t even come close to reflecting the massive damage he inflicted on future Swedish pension savers.
During his time as Minister for Financial Markets, Bolund actively changed the regulatory framework for the AP funds to prioritize “green” investments. He then sent clear political signals to the funds, after which they created a special joint investment vehicle (4 to 1 Investments) specifically designed to circumvent the ban on direct investments in unlisted companies. Through this construction, the AP1–AP7 funds invested approximately SEK 6 billion of pension capital into Northvolt. (Source: Joint statement from the AP funds regarding the investment in Northvolt)
Now Northvolt is bankrupt, and Swedish pension savers are left with massive losses. (Source: AP Funds comment on Northvolt bankruptcy)
When will politicians actually be held accountable for their decisions?
Do all politicians have their hands in the same cookie jar since no one really calls this out?
This is a new post on the new dewlar.me blog.
You can find the old blog here:https://mrsdewlar.blogspot.com