Saab News: The test of Vladimir Antonov

Vladimir Antonov
Vladimir Antonov

No one is checked as hard as Vladimir Antonov, says Nils Olof Ollevik from Svenska Dagbladet.

Readers on our blog know that the Russian billionaire wants to become a Saab shareholder.

The government has now set new hurdles for Mr Antonov, which is likely to be a kind of obstacle course, according to Nils Olof Ollevik.

He analyzed the situation and published an article about it. And so he sees the situation:

The Reich debt administration has reviewed the situation and the more than willing lender Antonov now lord of the factory buildings, but still not co-owner of Saab. This will again need to be reviewed by four parties, the Reichsverwaltungsverwaltung, the EIB, the Swedish Government and GM. The strange thing is, all four parties have a veto right. So if debt management, government and EIB Antonov are good shareholders, a veto from the former owner GM is enough and the operation has crashed. Antonov could not invest his much-needed money in Saab.

It is not about the administration of the Swedish imperial insignia, but the question of whether a foreign investor may invest venture capital in a Swedish company. Nobody gets checked as hard as Antonov.

There are rumors about Antonov and the way he created his bank empire. And there is the fear that a western industrial company will be abused to launder money. Another concern, from General Motors, is that Western vehicle manufacturing know-how migrates eastward.

To the same extent that the US auto industry has recovered from the crash in 2009, Americans' fears of Russian involvement in former subsidiary Saab may have dropped.

But until the government clears the investigation next week, the Swedish government will be very careful. Industry Minister Olofsson stressed at her brief press conference that 30's first liquidity bridging of € millions will have to come from a European bank not owned by Antonov. In this way, the Swedish government expresses its responsibility to verify the origin of funds under the Money Laundering Act.

Why Maud Olofsson is so obviously distrustful, we will know next week when the debt management recommendation is made. It is likely that the government is only generally cautious about showing the EIB and GM how responsible it is and does not want to facilitate money laundering.

Text / Translation: admin /

Author: Nils Olof Ollevik