logo
High-Ranking Swedish Diplomat, Questioned Over Spying Charge, Found Dead

High-Ranking Swedish Diplomat, Questioned Over Spying Charge, Found Dead

NDTV18-05-2025
A high-ranking Swedish diplomat who was recently detained and questioned on suspicion of espionage has died, his lawyer confirmed on Friday. The diplomat, whose identity has not been disclosed, had been held by Sweden's security service, SAPO, from Sunday until his release on Wednesday, though he remained under investigation.
"I heard the tragic news this morning and my thoughts go out to his family," the diplomat's lawyer, Anton Strand, told Reuters.
He also revealed that the diplomat had denied any wrongdoing and filed a complaint against the police over their handling of the case. According to Mr Strand, the diplomat had also sought medical help after his release from custody.
Police confirmed to a Swedish daily that an investigation into the death has been opened, but said that "there is no suspicion a crime has been committed."
The diplomat, believed to be in his 50s, had recently returned to his home in central Stockholm after an extended period abroad.
Public broadcaster SVT reported that SAPO was investigating a possible link between the diplomat and the sudden resignation of Sweden's national security adviser, Tobias Thyberg, who quit just hours after taking office last week. Sensitive images of Mr Thyberg from the dating app Grindr had been anonymously leaked to the government shortly before his exit.
Images shown on Swedish television revealed that the door to the diplomat's apartment had been forcibly opened at the time of his arrest. The diplomat had filed a report alleging use of excessive force during the arrest, though SAPO maintained the arrest had been peaceful.
Mr Strand confirmed to the BBC, "I have ensured his formal report about abuse during the arrest has arrived at the special investigations unit. An investigation has started regarding this."
Prosecutor Per Lindqvist called the death "very regrettable," adding that the preliminary investigation into suspected espionage was not yet complete.
Sweden's Foreign Ministry issued a statement confirming the death but declined to provide further details, citing concern for the family.
"We can regrettably confirm that an employee of the foreign service has passed away," the ministry said, as per The Independent.
Foreign Minister Maria Malmer Stenergard said the day had been "difficult" and her thoughts were with the diplomat's family, friends, and colleagues. Former Foreign Minister Carl Bildt described the "tragically deceased ambassador" as "extremely gifted and competent."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Trump levied penalty tariff on India, not on China: Even US is confused
Why Trump levied penalty tariff on India, not on China: Even US is confused

First Post

time14 minutes ago

  • First Post

Why Trump levied penalty tariff on India, not on China: Even US is confused

With contradictory statements from US Treasury Secretary Scott Bessent and Secretary of State Marco Rubio, the rationale of slapping 50% tariffs on India but not on China —also a buyer of Russian oil— is under question. US property mogul Donald Trump leads a media event on the sand dunes of the Menie estate, the site for Trump's proposed golf resort, near Aberdeen, north east Scotland, May 27, 2010. File Image/Reuters With contradictory statements from top US officials, the rationale of tariffs on India is under question. President Donald Trump has slapped India with 50 per cent tariffs on India as a punishment for buying Russian oil. But he has not imposed any tariffs on China, which has consistently bought more Russian oil than India. Treasury Secretary Scott Bessent and Secretary of State Marco Rubio have justified with contradictory statements that leads to the question: Does the Trump administration even have a policy-based objective for tariffs on India or is Trump taking out frustration on India or acting out of a grudge? STORY CONTINUES BELOW THIS AD 'They [India] are just profiteering. They are reselling. This is what I would call the Indian arbitrage — buying cheap Russian oil, reselling it as product,' Bessent told CNBC, adding that India has made $16 billion in 'excess profits'. Contradictory statements on Russian oil purchases Bessent on Tuesday said that tariffs were slapped on India because India was refining Russian crude oil and selling it elsewhere and profiting from it. But Rubio on Sunday said China was doing the same thing and that was why there were no tariffs on the country. 'China just refines that oil [Russian oil]. That oil is then sold into the global marketplace and anyone who's buying that oil would be paying more for it or if it doesn't exist, would have to find an alternative source for it,' Rubio told Fox News. The fact remains that China and India keep the international prices of oil in check with the purchase of Russian oil by, firstly, absorbing the Russian supply, and, secondly, refining Russian crude and selling gasoline and diesel elsewhere at lower prices. While Bessent said that this refining and subsequent selling was the basis of tariffs on India, Rubio said that this was the basis for not imposing tariffs on China. However, going by Rubio's logic, there should not be any punitive tariff on India. And, as per Bessent's logic, there should be tariffs on China just like India. Notably, Russia has consistently bought more Russian oil than India — nearly half of all Russian exports. Top buyers of Russian oil in percentage terms. As Indian purchases of Russian oil stabilised the international oil prices, the previous Joe Biden administration of the United States had encouraged India to buy Russian oil and even refine and sell it elsewhere — the same rationale that Rubio has used for China now. STORY CONTINUES BELOW THIS AD The Biden administration had asked India to accept Russian crude as other countries imposed bans in order to prevent a major oil price spike after the invasion of Ukraine that would result in high gasoline prices in the United States, Bob McNally, the President of Rapidan Energy, told CNBC. 'India played a key role in the price cap sanction mechanism designed by the US and its European allies to ensure Russian oil still flowed while trying to crimp the revenue Moscow earned,' McNally said. However, as Trump has aligned himself with China and has pursued an overt campaign against India, which has ranged from economic warfare to an alliance with India's adversaries in the region, he has flipped the understanding reached between the two countries in the previous administration.

Deutsche Bank chief faces scrutiny about role in risky trades over a decade ago
Deutsche Bank chief faces scrutiny about role in risky trades over a decade ago

Mint

time16 minutes ago

  • Mint

Deutsche Bank chief faces scrutiny about role in risky trades over a decade ago

CEO Sewing credited with cleaning up scandal-ridden bank Ex-banker sues Deutsche, claiming he was scapegoat for risky deals Allegations prompt Deutsche to review case, person familiar says Deutsche Bank says allegations are 'without merit' By Tom Sims and John O'Donnell FRANKFURT, Aug 20 (Reuters) - In 2013, Deutsche Bank handed Christian Sewing, a rising star, the sensitive assignment of investigating derivatives trades under scrutiny in Italy. More than a decade later, Sewing, now CEO, faces criticism in a lawsuit by a former Deutsche employee over his handling of the task. The suit has prompted Deutsche to review how the bank and Sewing, chief auditor at the time, managed the situation, according to a person with knowledge of the matter. Dario Schiraldi, a former banker at Deutsche who was involved in the trades, claims in a 152-million-euro ($178 million) lawsuit seeking damages from the bank that the lender's actions, including the audit overseen by Sewing more than a decade ago, harmed Schiraldi's reputation and earnings, according to court documents seen by Reuters. Deutsche Bank in its review in recent months of its investigation into the trades found no wrongdoing, the person familiar with the matter said. Nonetheless, the lawsuit - due to be heard in a Frankfurt court in December - puts Sewing, CEO since 2018 and credited with cleaning up Deutsche Bank's image, in the spotlight by publicly examining his role at the height of the global financial crisis. Schiraldi, five other former bankers of the German lender, and the bank were acquitted in 2022, after initially being convicted by an Italian court in 2019 for colluding with Italian bank Monte dei Paschi (MPS) to hide losses at MPS by using complex derivatives trades. In Germany, Deutsche's accounting of the transactions was also the focus of regulators. Schiraldi's lawsuit claims the bankers were made to take the blame for trades while Deutsche Bank management - including Sewing as chief auditor - sought to conceal their tacit approval for risky and lucrative deals. Deutsche Bank disclosed Schiraldi's lawsuit in its 2024 annual report released earlier this year, in a list of potentially significant civil litigation and regulatory matters. "The facts of this long-standing matter are well known and have been discussed in detail over the past decade. The Supervisory Board supports the Management Board in defending the bank against this litigation," Chairman Alexander Wynaendts said in a statement earlier this month. Sewing declined to comment for this story via a spokesperson. As CEO, he has slimmed down and returned Deutsche Bank to profit and restored its image after years of management churn, legal turmoil, losses and fines that threatened to topple the bank. He was reappointed in March for a third term as head of Deutsche, which is playing a key role in German Chancellor Friedrich Merz's "Made For Germany" initiative to pump the sagging economy. For this report, Reuters reviewed documents - including previously unreported details from the initial lawsuit, a March filing and email correspondence - and spoke to four people with direct knowledge of the matter on condition of anonymity. Reuters is reporting for the first time fresh details of the case, having reviewed Schiraldi's claim, and how Germany's largest bank is responding. Schiraldi, since leaving the bank, has held other jobs in finance, including leading a Swiss-family investment company, according to his LinkedIn profile. A central plank of Schiraldi's lawyers' argument is that Sewing and the bank scapegoated Schiraldi and a handful of colleagues and later failed to set the record straight. In 2014, Deutsche Bank took the findings of the bank's audit into the MPS trades to its local regulator, the Italian central bank, blaming the "Deal Team" - which included Schiraldi - for "insufficient and selective disclosure" on the trades. The information that was allegedly withheld – how the bank was fetching billions of dollars of bonds that underpinned the deals - allowed Deutsche to book the trades as loans rather than derivatives, the findings from the bank's audit showed. That helped reduce the amount of capital it had to hold to cover risks, making it more profitable. "An appropriate handling ... would have resulted in the transactions either being declined or escalated," Deutsche told the Bank of Italy in 2014, according to slides seen by Reuters. Schiraldi disputes that there was any such cover up of information and that the deals were widely understood. Reuters could not ascertain management's role in signing off on the deals. Deutsche Bank confirmed to Reuters that the "audit identified material failings" but declined to comment on communication with regulators. Schiraldi's lawyers claim Deutsche Bank's audit of the trades had a predetermined outcome and drew on only a fraction of the available documents. In the course of their dispute with the bank, they have successfully obtained the release of several million emails and documents, which they say, in a March 2025 court document seen by Reuters, show flaws in the way the bank handled the case. Reuters could only review a small fraction of the documents. As the bank seeks to quash Schiraldi's claims, one of its management board members has reviewed the case, sifting through emails and documents from the time, according to the person with direct knowledge of the review. Deutsche Bank, in a lengthy response to questions from Reuters, said the allegations were "false", that the audit had been thorough and independent, and that executives involved "discharged their responsibilities appropriately". Sewing had been a credit officer before the audit and approved parts of some other similar deals. "We stand by the audit's core findings," a Deutsche Bank spokesperson said. While the case is due to come before a German court later this year, such disputes may also be settled out of court. In its statement to Reuters, the bank said the claims made in the lawsuit are "based on incorrect allegations", and "an attempt to generate publicity by seeking to cause serious harm to the good reputation of executives.' (Reporting by Tom Sims and John O'Donnell; Editing by Elisa Martinuzzi and Susan Fenton)

‘If Indian goods cannot go to US, they can head to…': Russia slams ‘unjustified' Trump sanctions on oil; Putin to meet PM Modi in India this year
‘If Indian goods cannot go to US, they can head to…': Russia slams ‘unjustified' Trump sanctions on oil; Putin to meet PM Modi in India this year

Time of India

time27 minutes ago

  • Time of India

‘If Indian goods cannot go to US, they can head to…': Russia slams ‘unjustified' Trump sanctions on oil; Putin to meet PM Modi in India this year

Prime Minister and Russian President are set to meet in New Delhi before the year ends, according to a Russian embassy official in India on Wednesday. The exact dates are still being worked out. Tired of too many ads? go ad free now The announcement comes as Russia aims to strengthen trade ties with India by improving payment systems and removing trade barriers. Russia's embassy in India slammed US President Donald Trump's 25% additional tariffs on India for its procurement of Russian crude oil. According to a Reuters report, the Russian embassy said, "If Indian good cannot go to US market, they can head to Russia". The embassy also called US sanctions on India as 'double standards', adding that the pressure on India to not buy Russian crude oil was 'unjustified'. The Russian embassy also said, 'Discount on Russian crude oil is about 5% for India. India understands there is no chance to change supplies, profit very high for India.' 'There is no alternative to Russian crude oil as it is very competitive,' it said, adding that India 'matters very much' for Russia. The comments come at a time when India's relations with the US have deteriorated, following New Delhi's hardening stance on opening its dairy and agricultural sectors as part of the trade deal. Adding to the tensions is the 25% additional tariff imposed by Trump for India's purchase of Russia's crude oil. US sees India's oil trade with Russia as an indirect financing of the Russia-Ukraine war. According to the Reuters report, the Russian embassy emphasized its commitment to developing better payment mechanisms with India to facilitate smoother trade operations. This move is particularly significant as both countries work to maintain their strong economic partnership despite global challenges. Tired of too many ads? go ad free now Who bought Russia's fossil fuels after EU bans Taking a strong stance on international measures affecting trade, the Russian embassy criticized sanctions as showing double standards and disregarding national interests. Speaking about trade relations, the embassy official highlighted Russia's determination to eliminate obstacles that might hinder commerce between the two nations. This includes streamlining processes and creating more efficient systems for business transactions. The embassy representative expressed confidence in the bilateral relationship, noting that both countries have consistently found ways to work together effectively, even when faced with difficulties. The upcoming meeting between Putin and Modi is expected to further strengthen the ties between the two nations. Both leaders have maintained close diplomatic relations over the years, regularly meeting to discuss bilateral cooperation in various sectors including trade, defence, and technology. India's strong oil trade ties with Russia Indian state-owned refiners Indian Oil and Bharat Petroleum have resumed purchasing Russian oil for delivery in September and October, following an increase in available discounts, wo company officials familiar with the situation told Reuters. The companies had previously suspended purchases in July when discounts decreased. Russian Urals crude discounts have expanded to approximately $3 per barrel, making it financially attractive for Indian refiners, whilst Chinese procurement has increased, the officials indicated. IOC has expanded its Russian crude portfolio to include Varandey and Siberian Light grades alongside Urals. Indian organisations maintain their policy of not discussing crude import details. During an analyst meeting on Monday, IOC, India's leading refiner, confirmed its intention to continue Russian oil procurement based on economic considerations. As one of the top petroleum importers globally, ranking third worldwide, India has substantially increased its Russian oil imports following the onset of the conflict between Russia and Ukraine, primarily due to considerable price reductions available on Russian crude.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store