Skandia controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2010
Skandia Germany tax-fraud prosecution
Michael Wolski, formerly Skandia Germany’s legal head, was prosecuted in Germany in connection with alleged tax fraud involving the Cezanowski family. The referenced account states that he received a two-year-and-six-month prison sentence; the account also reports the resignation of his wife, judge Karin Wolski.
2006
Lars-Eric Petersson conviction and appeal
Former chief executive Lars-Eric Petersson was sentenced to two years in prison in 2006 over the Wealthbuilder bonus-program dispute. On 19 December 2007, the Svea Court of Appeal dismissed the charges, holding that the prosecution had not proved the relevant bonus cap remained in force when he signed the disputed document.
2003
Executive compensation and governance controversy
Skandia faced allegations concerning irregular internal affairs at Swedish Skandia Life, executive bonus arrangements and subsidized apartments in Stockholm. Allegations of large-scale embezzlement contributed to a severe reputational crisis and the resignation of the board.