The message that Magnusson had to leave his post came on Monday. Then only the explanation was given that he had violated the internal regulations for "holding and trading in financial instruments." The Chairman of the Board Urban Hansson Brusewitz was also careful to emphasize that Magnusson had not done anything criminal.

In a press release, the Board now declares that Johan Magnusson has made his own investments in violation of the Fund's regulations.

Magnusson and the control unit disagreed

When the property company John Mattson was to be listed on the stock exchange, Första AP-fonden was one of the main investors, something that Magnusson was deciding.

After the company was listed on the stock exchange, Magnusson reported to the fund's regulatory unit that he had also invested in the company on his own account. The regulatory unit questioned the purchase.

"When the Fund does business, those who have knowledge of such investment should not simultaneously invest in the same company on their own behalf, precisely so as not to suspect the use of information obtained in the context of the employment for their own gain," the press release states.

According to the press release, Johan Magnusson does not consider his purchase to be in violation of the rules, but since Magnusson's and the fund's regulatory unit and the board's opinion are falling apart, Magnusson has now had to leave his post.