Bribery & Fraud – a “way of life” in the wind industry?

The wind industry seems to attract a particular class of bloke, in much the same way that the Prohibition era drew lots of heavy-set Italians to the Mob.

al-capone

STT has already covered the “exemplary” conduct of the boys at Giant German Turbine outfit Siemens; and the efforts by US “Bounty Hunters” to recoup $millions pilfered by windfarm developer “suits” in Wyoming.

It seems things aren’t that much different closer to home, where Hydro Tasmania has been accused of bribery and vote rigging in order to garner support for its Chinese Master’s proposal on King Island. And Acciona has been pilfering $millions worth of RECs at Waubra.

This latest “developer defalcation” took place in Scotland, as The Press and Journal reports.

New scandal hits windfarm firm as executive arrested
The Press and Journal
Ryan Crighton
29 May 2013

The company behind plans for a windfarm in Aberdeen Bay has been rocked by another boardroom scandal – after police arrested one of its executives.

Jan Ake Jonsson has quit his job at Vattenfall after being taken into custody on suspicion of being involved in tax crimes.

He left just weeks after the firm launched an investigation into claims that another board member – its chief executive – took a bribe.

The company, which is owned by the Swedish government, was granted planning permission to build the European Offshore Wind Deployment Centre (EOWDC) in March.

The joint venture would consist of 11 turbines less than two miles from the coastline at Aberdeen.

However, since the plan was formally backed by SNP ministers it has been beset by problems.

Mr Jonsson – the former head of Saab Automobile – was arrested on Thursday and later bailed.

If found guilty, he faces four years in prison.

The 61-year-old and two other former Saab executives are being investigated for their roles in allegedly obstructing the tax authorities’ review of the company’s affairs during 2010 and 2011.

The Swedish ministry of finance announced Mr Jonsson’s departure from the Vattenfall board yesterday.

A spokeswoman said Mr Jonsson would be welcomed back if the allegations against him were found to be false.

An independent inquiry is being conducted into Vattenfall chief executive officer Oystein Loseth amid “rumours” that he pocketed extra cash from an acquisition in 2009.
The Press and Journal

STT doesn’t really need to comment – we’ll leave that to you.

But here’s a picture to remind us of where this all came from.

enron-scandal
You can only get away with it for so long.

6 thoughts on “Bribery & Fraud – a “way of life” in the wind industry?

  1. No different to the gangster unions here with their pet, our unelected grub of a PM, Gillard.

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