Three years ago in February, the Pensions Authority stopped all new investments in Allras, formerly the Swedish fund service, funds in the premium pension system. The measure was taken after repeated complaints from savers.

One month later, the police notified the agency Allra, which according to the Swedish Pensions Agency's investigation has been engaged in large internal transactions without being able to justify how they have benefited the savers. The audit firm Deloitte, which examined the company's accounts in 2016, also reported to Allra to the Swedish Crime Agency.

It turned out that securities were bought through the company Oak Capital to Allras, formerly the Swedish fund service, funds at too high a price, according to the prosecutors. Oak Capital paid a fee of SEK 170 million. In total, the entire deal cost SEK 430 million for Allra.

Shares for SEK 100 million

Prosecutors believe that the transactions were also conditional on Allra founders selling shares in Swedish fund service in a corporate arrangement to Oak Capital for SEK 100 million.

According to the indictment, it constitutes a bribe.

The prosecutor is serving seven years in prison

On October 1, 2018, charges were brought against four people, including Allra's CEO Alexander Ernstberger.

The prosecutor is serving seven years in prison for both Ernstberger and another of the defendants, who, among other things, are suspected of aiding and abetting. For the other two defendants, the prosecutor is serving five to six years in prison and at least four years in prison.

All four deny the crime and contest responsibility, Alexander Ernstberger's lawyer has said before. The defense believes that it is an ordinary business transaction because the savers earned the deal.

Today at 11 am the verdict falls.