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Investigation launched into possible agency accounting violations

Published torsdag 16 augusti 2012 kl 10.19

The Swedish Economic Crime Authority  has launched an investigation into whether a public foundation that allocates funding for research and development broke the law in connection with major expenses for staff entertainment.

The newpaper Dagens Nyheter recently revealed that over the past three years the Swedish Foundation for Strategic Research has paid a party planner nearly US$ 1.4 million. But the newspaper says says, it is unclear what the money has been used for, and the contract was signed without going through the required procurement process.

Moreover, the foundation celebrated its 15th anniversary with a US$ 600,000 dinner for 500 held in the same location as the Nobel Prize banquet. But those expenses were listed as going for “research grants”.

The head of the foundation has admitted that “documents were registered improperly”, and the relevant receipts were inexplicably missing when the newspaper asked to see them.

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