The prosecutor after the Court of Appeal's ruling: "As a pension saver, I had felt cheated by the state"

Prior to the district court's ruling, the chamber prosecutor Thomas Hertz had confiscated just over SEK 200 million from the men, who were then acquitted of suspicions of serious crime.

When the Svea Court of Appeal now rules the men, the situation looks different.

- As everyone was acquitted in the district court, the men got their money back and I would assess the possibilities of collecting them as very small, the prosecutor says.

"The verdict was awaited"

He estimates that this is almost half a billion kronor, as men are required to pay almost nine years' interest, in addition to the set amount of 170 million kronor.

- I do not think that the Swedish pension savers will get that money back, and it is a direct consequence of the district court's ruling.

Had I been a pension saver, I would have been disappointed.

I had felt cheated by the Swedish state.

Thomas Hertz says he still does not understand how the four men could be acquitted in the district court and was not surprised when the court of appeal announced its verdict.

- It was expected and is the verdict that really should have come out after the district court's hearing.

Experts were called in

Thomas Hertz did not present any new evidence prior to the new trial.

On the other hand, the defendants and the Swedish Pensions Agency did.

The authority relied on new experts, who could tell what can be considered a market fee.

- It has basically been irrelevant.

But I think the Swedish Pensions Agency felt compelled to invoke rebuttal because the district court said it was relevant.

The judgment of the Court of Appeal is in principle in all parts of my line.

In addition to the damages, the men must serve between four and six years in prison.

Two are also banned from eating for ten years.

The Swedish Pensions Agency: Important judgment

Daniel Barr, Director General of the Swedish Pensions Agency, thinks that the ruling is important for the pension system in general.

- It shows that this type of transaction is not legal.

The Court of Appeal has turned 180 degrees from the district court's ruling and found that it is a criminal act, he says.

According to Daniel Barr, there is now an opportunity for pension savers who have lost money in the process of getting some of the money back.

But how probable it is, he can not answer.

- It is difficult for us to judge.

It is a process that is beginning.