Kindred Group Plc has informed investors that corporate advisor Stefan Lundborg has resigned from all duties as a non-executive director with immediate effect.
The resignation is related to Lundborg being investigated for ‘insider crime’ by the Swedish Economic Crime Authority (SECA), for which Kindred has offered its full cooperation with the public prosecutor and SECA agencies.
Kindred stated that it would update investors on the investigation when further information is provided by authorities.
“The resignation of Stefan Lundborg was unavoidable considering the investigation against him by the Swedish Economic Crime Authority,” commented Anders Ström, Chairman of the Board at Kindred Group.
“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.”
This week, Ström announced his formal resignation as Kindred chairman, informing company shareholders that he would not pursue re-election at the firm’s next annual general meeting.
The founder of Unibet, Kindred’s original business enterprise, Ström said that it was his intention to ‘disengage from all business that he is invested in by his 50th birthday’, and spend more time with his family and for personal pursuits.