Kindred board member resigns pending inside trading probe

Stefan Lundborg  is subject to an investigation by the Swedish Economic Crime Authority (SECA).
Stefan Lundborg is subject to an investigation by the Swedish Economic Crime Authority (SECA).

Kindred has confirmed that Stefan Lundborg has resigned from his position because of the investigation.

Sweden.- A member of the board at Stockholm-based gaming operator Kindred has submitted his resignation with immediate effect due to an investigation into inside trading.

Stefan Lundborg is subject to an investigation by the Swedish Economic Crime Authority (SECA). Kindred has confirmed that he has resigned.

The operator said that it was cooperating fully with the SECA investigation and with the public prosecutor. It said that no suspicions had been raised about any other members of the board.

Kindred’s chairman Anders Ström said: “The resignation of Stefan Lundborg was unavoidable considering the investigation against him by the Swedish Economic Crime Authority.

“The board would like to emphasise that no other representatives of the company have been served any suspicion of misconduct and neither is the company itself under any suspicion.”

The news comes after Ström himself announced his departure from the igaming company he founded as Unibet from a flat in London back in 1997.

He has told the company that he will not stand for re-election as non-executive chairman at the next annual general meeting. 

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igaming legal sweden