Lundin Petroleum receives information regarding a potential corporate fine and forfeiture of economic benefits in relation to past operations in Sudan
Lundin Petroleum AB…received notification from the Swedish Prosecution Authority on 1 November 2018 that the Company may be liable to a corporate fine…and forfeiture of economic benefits…in connection with the preliminary investigation into past operations in Sudan from 1997 to 2003...
The notification indicates that the Prosecutor may seek: a corporate fine of SEK 3 million; and forfeiture of economic benefits from the alleged offense in the amount of SEK 3,282 million…
[In the event that this case is brought to court] Lundin Petroleum...will firmly contest any corporate fine or forfeiture of economic benefits...[because] there are absolutely no grounds for any allegations of wrongdoing by any Company representatives...
In June 2010, the Swedish Prosecution Authority initiated a preliminary investigation...[and since then] Lundin Petroleum and its representatives have cooperated extensively and proactively with the investigation by providing information regarding the past operations in Sudan and by participating in interviews...