Lundin Energy AB (“Lundin Energy” or the “Company”) has further considered the Swedish Prosecution Authority’s criminal charges against Ian H. Lundin and Alex Schneiter for complicity in crimes against international law, gross crime, following the Company’s initial announcement on 11 November 2021. The Company is therefore today publishing a summary of its position on the indictment from its defence counsel to provide further reassurance as to the defence. Ian H. Lundin, Alex Schneiter and the Company continue to strongly deny the criminal charges, and the Company reaffirms that there are no grounds for the allegations of wrongdoing by any of its representatives. The Company also reaffirms that it sees no circumstance in which a corporate fine or forfeiture could become payable and does not foresee any impact on the operational and financial guidance set out previously.
Following a comprehensive review of all the pre-investigation materials, and an initial assessment of the details of the indictment decision itself, the Company and its defence counsel are of the view that it is simply not possible to conclude that any representative of the Company, either directly or indirectly, was complicit in encouraging anyone to commit crimes against international law — let alone that any perpetrator as a result of such encouragement would have committed any such crimes. Since the Prosecutor cannot, on an objective assessment, expect a conviction in an indictment against the Company representatives, he could be pursuing an unjustified indictment.
Nick Walker, President and CEO of Lundin Energy, commented:
“This case is both unfounded and fundamentally flawed. There is no evidence linking any Company representative to the alleged primary crimes in this case and we see no circumstance in which a corporate fine or forfeiture could become payable given this fact. The Company intends to firmly contest the claims for a corporate fine and forfeiture of economic benefits and does not foresee any impact on the operational and financial guidance that has been set out previously.”
The Company is therefore today publishing a summary of its position on the indictment from its defence counsel to provide further reassurance as to the defence, available on this link https://www.lundinsudanlegalcase.com/wp-content/uploads/2021/11/Lundin-Energy-AB-counsels-statement-2021-11-12.pdf
This summary clearly shows six key areas in which the Swedish Prosecution Authority’s decision to indict is fundamentally flawed:
- The Company carried out fully legitimate and responsible business operations in Sudan as part of an international consortium. It operated within a framework of constructive engagement in the country as endorsed by the UN, EU and Sweden.
- There is no evidence or valid grounds for allegations of complicity by any Company representatives.
- The Prosecutor’s statement of the criminal act is extremely vague and inexplicit: after eleven years of investigation, it still does not meet basic requirements under Swedish law.
- The NGO reports referred to by the Swedish Prosecution Authority cannot be relied upon as evidence in court: they are primarily intended for opinion formation and activism and lack credibility, accuracy and reliability.
- Plaintiff interviews from the pre-investigation contain extensive inaccuracies, incomplete information and there are major credibility and integrity issues in relation to how the Plaintiffs were identified by the Prosecutor.
- There is no basis for a corporate fine or forfeiture against the Company, primarily because no crime has been committed in pursuit of legitimate business activities but also because the calculations are based on wholly incorrect assumptions leading to a number inflated by an order of magnitude, which have no basis in law and are highly speculative.
The Swedish Prosecution Authority’s decision to bring these criminal charges is yet another step in a long legal process which may take many years to reach a conclusion. The Swedish Prosecution Authority has ignored numerous submissions and applications — supported by independent legal experts, including eminent international law professors — as to why this case should not legally be allowed to proceed.
Biörn Riese, Jurie, Senior Defence Counsel for the Company stated:
“Having followed this seemingly never-ending investigation closely for many years, we remain confident that the operations in Sudan were normal, fully legitimate and that there is no basis whatsoever for any indictment of the Company’s representatives or any claim against the Company. While it is extremely disappointing and concerning that the Swedish Prosecution Authority has now issued an indictment instead of closing the investigation, which should have been done a long time ago, at least we now see the beginning of the end of all this. We are convinced that the court will find the Swedish Prosecution Authority’s motion to be without any merit.”
Ian H. Lundin, Alex Schneiter and the Company will continue to challenge the legal basis of the indictment on several grounds — including unreasonable delay, the vagueness of the suspicions and the Swedish Prosecution Authority’s exercise of so-called ‘universal jurisdiction’. As a result, it is possible there may not even be a trial on the merits of the case.
The Company remains confident that both the defence and the extensive deficiencies in the conduct of the investigation will be considered by the Court process in determining that its representatives did nothing wrong.
The Company will continue to assess this matter as it develops and update the market accordingly.
For more information on the Company’s past activities in the region, the case to date and our concerns over the legal process, please visit www.lundinsudanlegalcase.com.
For all IR requests, please contact:
Edward Westropp
VP Investor Relations
Tel: +41 22 595 10 14
edward.westropp@lundin-energy.com
For media requests, please contact:
Robert Eriksson
Head of Media Communications
Tel: +46 701 11 26 15
media@lundin-energy.com
Lundin Energy is an experienced Nordic oil and gas company that explores for, develops and produces resources economically, efficiently and responsibly. We focus on value creation for our shareholders and wider stakeholders through three strategic pillars: Resilience, Sustainability and Growth. Our high quality, low cost assets mean we are resilient to oil price volatility, and our organic growth strategy, combined with our sustainable approach and commitment to decarbonisation, firmly establishes our leadership role in a lower carbon energy future. (Nasdaq Stockholm: LUNE). For more information, please visit us at www.lundin-energy.com or download our App www.myirapp.com/lundin
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