The stock market giant has thus found oil in Africa, got the military to chase away the people in order to pump it up, and brought the country's (Sweden) future foreign minister on the board in the meantime.

The preliminary investigation has been going on for eleven years.

The crimes in question took place in Sudan twenty years ago.

The company was called Lundin Oil.

The operations in Sudan were later transferred to Lundin Petroleum, which changed its name to Lundin Energy.

The major owner and chairman Ian Lundin was notified of suspicion five years ago and is now one of the accused.

The future Minister of Foreign Affairs on the board was Carl Bildt.

He still owned shares in Lundin Petroleum after he was appointed Minister of Foreign Affairs in Sweden.

He was also to be questioned in the investigation in 2015 according to Expressen.

Described the company as good power

In the meantime, Ian Lundin has tried to get the preliminary investigation closed with reference to his human rights, which was rejected by the district court and the court of appeal.

The Supreme Court denied the appeal.

What to say, the whole thing feels surreal to say the least.

When I met Ian Lundin at Lundin Petroleum's AGM at the Grand Hotel in Stockholm in 2017 as a newly suspected criminal, he described the company as a good force in Sudan, saying that they had helped the people develop their own economy and advocated peace.

The criminal charges were unfounded.

Still denies crime

Now that the prosecution is coming, Ian Lundin and the company's then CEO Alex Schneiter still deny the crime.

I do not know if they will be convicted, or if they are guilty at all.

But the fact that this is happening in a company on the Stockholm Stock Exchange's large company list, with a market capitalization greater than Skanska or SKF, is remarkable to say the least.

Ian Lundin has also announced that he is resigning as chairman of Lundin Energy due to the prosecution.

However, both he and Alex Schneiter remain on the board as members.

The share price has doubled

And what almost feels even more remarkable is that the share price has doubled since the management became a criminal suspect.

I asked an old lady I met at the said general meeting if she did not intend to sell the shares now that the management was suspected of involvement in violations of international law.

She then replied that she had just been to SCA's general meeting, where the management was investigated for luxury hunting trips, and said that if you want to sell if the management is a criminal suspect, you will soon have no shares left.

And the truth is, as many times elsewhere in this world, that oil is worth money, and as long as oil is in demand and needed, it is possible to make money on it, and that is what counts.

Record high production - record high result

Lundin Energy has earned almost SEK 20 billion so far this year.

Higher oil and gas prices contributed to record high production and record high results in the third quarter according to the latest interim report.

In the indictment, the prosecutor demands that the SEK 1.4 billion that Lundin is estimated to have earned from oil in Sudan be confiscated.

Despite this, the management says today that they do not expect that today's prosecution decision will affect Lundin Energy's results.

But in one respect, they are far ahead of the gang in Glasgow.

While the negotiators at the climate summit apparently only now, after almost thirty years of negotiations - perhaps - get in the text of the agreement that "fossil fuels" should be removed, Lundin already in January 2020 understood the importance of getting rid of "fossil fuels".

So from the name.

Lundin Petroleum then became Lundin Energy.