Solway Responds to 'Fake' Media Reports

In response to the allegations raised by the series of publications initiated by the journalistic consortium Forbidden Stories, Solway Investment Group launched a board-led investigation in the conduct of business by the Solway’s subsidiaries Compania Guatemalteca de Niquel SA (SGN), Compania Procesadora de Niquel de Isabal SA (Pronico), its affiliates, agents, management, and associated persons.

The decision to commence a board-led investigation of events in Guatemala resonates our dedication to learn lessons and to make any necessary improvements to the Group’s processes and governance.

Swedbank has been subjected to criminal and civil investigations. Solway group has never received any questions from either the banks of prosecutors’ office during those legal actions. In March 2020 Clifford Chance released its report of investigation on Swedbank. None of the companies related to Solway Investment Group were included in the final Clifford Chance report.

The full version of the Clifford Chance report can be found here: https://internetbank.swedbank.se/ConditionsEarchive/download?bankid=1111&id=WEBDOC-PRODE57526786