The managers of the AP funds are to be questioned about Northvolt

The CEOs of the AP funds will be questioned in the Finance Committee about the billion-dollar investments in bankrupt Northvolt, reports TT.

The CEOs of the AP Funds are to be questioned in Parliament's Finance Committee. The reason: High-profile billion-dollar investments made by the funds through specially formed companies in the now-bankrupt battery manufacturer Northvolt.

Financial Markets Minister Niklas Wykman (M) is critical of the AP Funds' managers dodging SVT's questions after the revelation about the company structure they used to be able to buy shares in Northvolt. – I expect those responsible at the AP Funds to step forward and account for their decisions and their activities, says Niklas Wykman.

As Northvolt's problems began to pile up, founder Paolo Cerruti sold shares for SEK 70 million. The buyer accuses the founder of covering up the crisis.

The four companies listed on Euronext that it manages were financed by the same Alpha Blue Ocean fund, before their value melted by 99%.

Scandal-hit chairman resigns from AP AP Pension is now to have a new chairman. Ten months ahead of schedule. And why is that? Yes, even though the pension fund of course doesn't write it, there are probably strong forces in the background who have tapped long-time chairman Niels Dengsø Jensen on the shoulder and whispered that it was time to get off the watch. Dengsø Jensen has been one of the main characters in the high-tension drama about the …