When the real estate company John Mattson was launched in the early summer, the state-owned Första AP-Fonden, which manages Swedes' pensions, was a heavy investor in the company, with a quarter of a billion SEK. A decision made by the now-fired CEO Johan Magnusson.

The same Magnusson also bought shares in the real estate company - privately. An action that goes against the internal rules, claims Första AP-Fonden

- I am convinced that if he reported this before the transaction was made, our regulatory unit would have said it was in violation of our policy. There must be no suspicion that one can utilize one's position in Första AP-Fonden for their own gain, says the fund's chairman Urban Hansson Brusewitz to SVT.

Other business

But now SVT can tell you that already in 2017, ie two years ago, Första AP-Fonden's now CEO fired a questionable private share purchase, according to the Fund. A deal that was made before the regulations were tightened towards the end of the year.

- Before the transaction was made, doubts were expressed from the regulatory unit of the fund and then our ethics policy says that if there is any doubt, you should bring it up with your nearest manager. In this case, the then chairman of the board (Urban Hansson Brusewitz first took office as chairman in May this year). But that was never done so you can say he violated the ethics policy, says Urban Hansson Brusewitz.

The stock is up

The John Mattson share has risen by just over 20 percent since its IPO in June. According to Första AP-Fonden, Johan Magnusson himself claims that he did not violate any rules. SVT has sought Johan Magnusson for a comment but he has refused.