Kindred Non-Executive Director Stefan Lundborg Resigns

Kindred Non-Executive Director Stefan Lundborg Resigns

It has been announced today that non-executive director of the Kindred Group; Stefan Lundborg, has resigned from the board with immediate effect.

Since 2010, Stefan Lundborg has held the position of Chairman of the Remuneration Committee in London, United Kingdom and is also on the board of SAFIR Communication and G5 Entertainment.

According to reports, Lundborg has resigned in relation to an ongoing investigation by the Swedish Economic Crime Authority (SECA) for insider crime.

At present, the Kindred Group does not have any further details on the matter, but is fully cooperating with the Swedish Economic Crime Authority and Public Prosecutor.

This decision was one that could not be avoided at the firm and appears to have been in the best interests of all involved.

Reportedly, no other company representatives are alleged to be involved or serve any suspicion as to their involvement in the insider crime with what Stefan Lundborg is being investigated for.

The Kindred Group stated:

‘Kindred does not have further information at this time and is fully cooperating with the Public Prosecutor and the SECA in their investigations.’

Chairman of the board at Kindred Group Anders Ström was first to publicly comment on the news:

“The resignation of Stefan Lundborg was unavoidable considering the investigation against him by the Swedish Economic Crime Authority.

The board would like to emphasize that no other representatives of the company have been served any suspicion of misconduct and neither is the company itself under any suspicion.”

The Kindred Group, which operates some of the globes leading gambling brands, including 32Red, Unibet and Bingo.com, has stated that no further comments will be made during the investigation.

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