The lawsuit filed in October 2018 concerns transactions that took place in 2012 between the company Svensk fondservice, later Allra, and Oak Capital in the United Arab Emirates.

According to Thomas Hertz of the Swedish Crime Agency, Oak Capital offered to pay SEK 100 million to Allra's founders to complete the deal.

Patrick Siegbahn has previously worked as a financial analyst and now runs the network service Småsparerguiden.

- This particular deal is low hanging fruit. There is a lot of evidence. In addition, it is not only infidelity against the principal and also gross bribery, where the prosecutor believes that the two companies have settled with each other, he says.

Patrick Siegbahn has reviewed Allra and alerted the Financial Supervisory Authority in Luxembourg as early as November 2016. He is convinced that there will be more trials going forward.

Is in place

The crime suspicions apply to serious bribery, gross bribery, infidelity to the principal and money laundering. A total of four people are charged in this case, one of them Allra's CEO Alexander Ernstberger.

He is now in place with the other three defendants. There is great interest in the trial and all the places are filled.

According to the prosecutor, the two Allra founders, one of them Alexander Ernstberger, has requested and accepted a promise of a bribe or undue benefit of just over SEK 101 million.

According to the indictment, at least SEK 137 million of the pension savers' money has disappeared from the funds at the Swedish fund service. Over 100,000 pension savers had money in the funds that were eligible for the premium pension system.

Denies crime

Alexander Ernstberger, like other suspects, denies and disputes responsibility, says his lawyer Carl-Johan Malmberg.

The basic idea of ​​the defense is that this is a common business transaction because the savers actually earned the deal.

- The facts are that the savers made money on this transaction. But it doesn't matter if you make a profit. It would be like it is ok to twist a person's wallet because the person just won the lottery. And this particular type of instrument is more is a kind of pulley. I've never seen a fund invest this way, ”says Patrik Siegbahn.

The main hearing is expected to be completed in early December.