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Obol Investment
Obol Investment was an apparent Swedish company involved in fund managing and sponsoring sport events. In 2006, it signed a 15-year sponsorship deal with the Swedish Basketball Federation that resulted in the renaming of ''Basketligan'' ("the Basketball league") to Obol Basketball League. It was later revealed by independently working journalists aNorrbottens-Kurirenand Sveriges Radio's ''Kaliber'', an investigative journalism program, that the company did not have a permits to conduct business in Sweden and that the company seemed to have no traceable fund assets. Or at least not in the amounts claimed by the company spokespersons ($1-15 billion US Dollars). The Obol affair According to Radio Sweden's domestic program ''Kaliber'' on 3 December 2006, the company "Obol Investment" doesn't exist, and doesn't have the necessary permits to manage funds in Sweden, Switzerland or any other country. It was also revealed that the focal point of Obol, the charismatic entrepreneur Bo Johans ...
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Obol Investment Logo
Obol may refer to: * Obol (coin), a type of silver coin used in Ancient Greece * Obol, an occasional name for the halfpenny (British pre-decimal coin) * Obol (town), a town in Belarus * Obol (river), a river in Belarus * Obol Investment, a Swedish company involved in a major fraud scandal * Obol Basketball League, former name of the Swedish Basketball League Svenska Basketligan, or the Swedish Basketball League (SBL), is the premier league for professional basketball in Sweden. The league was originally established in 1992 as Basketligan and was known as that prior to the season of 2006–07, but whe ...
when it signed an agreement with the company {{Disambiguation ...
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Swedish Basketball Federation
The Swedish Basketball Federation ( sv, Svenska Basketbollförbundet) also known as SBBF is the governing body of basketball in Sweden. It was established on 25 October 1952 out of the Swedish Handball Federation's basketball section, which had been started in 1948. Its headquarters are in Stockholm. The Swedish Basketball Federation operates the Sweden men's national basketball team and Sweden women's national team. They organize national competitions in Sweden, for both the men's and women's senior teams and also the youth national basketball teams. The top professional league in Sweden is the Basketligan See also * Sweden men's national basketball team *Sweden men's national under-18 basketball team *Sweden men's national under-16 basketball team * Sweden women's national basketball team *Sweden women's national under-18 basketball team *Sweden women's national under-16 basketball team References External links Official websiteSwedenat FIBA site ...
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Obol Basketball League
Svenska Basketligan, or the Swedish Basketball League (SBL), is the premier league for professional basketball in Sweden. The league was originally established in 1992 as Basketligan and was known as that prior to the season of 2006–07, but when the Swedish company Obol Investment signed an agreement with the Swedish Basketball Federation in early October 2006, the league was renamed Obol Basketball League (OBL). In January 2007 the name was changed to Ligan, meaning simply the League. History On October 6, 2006, the Swedish Basketball Federation signed a 15-year agreement with Swiss company Obol Investment. Part of the deal was that ''Basketligan'' would be renamed ''Obol Basketball League''. Other parts of the deal include that the winning team would receive prize money if the team were to play in the EuroLeague during the following season. The agreement lasted for 15 years, but after five years Obol would make an evaluation and have the rights to then cancel the deal, if t ...
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Sveriges Radio
Sveriges Radio AB (, "Sweden's Radio") is Sweden's national publicly funded radio broadcaster. Sveriges Radio is a public limited company, owned by an independent foundation, previously funded through a licensing fee, the level of which is decided by the Swedish Riksdag. As of 1 January 2019, the funds stem from standard taxation. No advertising is permitted. Its legal status could be described as that of a quasi-autonomous non-governmental organization. History The company – which was founded as AB Radiotjänst ("Radio Service Ltd") by a consortium of newspaper companies, the TT news agency, and radio manufacturing interests on 21 March 1924 – made its first broadcast on 1 January 1925: a relay of High Mass from St James's Church in Stockholm. It was officially renamed Sveriges Radio in 1957. Sveriges Radio was originally responsible for all broadcasting in Sweden, both radio and television, and hosted the 1975 Eurovision Song Contest. A reorganization in 1979 saw i ...
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Investigative Journalism
Investigative journalism is a form of journalism in which reporters deeply investigate a single topic of interest, such as serious crimes, political corruption, or corporate wrongdoing. An investigative journalist may spend months or years researching and preparing a report. Practitioners sometimes use the terms "watchdog reporting" or "accountability reporting." Most investigative journalism has traditionally been conducted by newspapers, wire services, and freelance journalists. With the decline in income through advertising, many traditional news services have struggled to fund investigative journalism, due to it being very time-consuming and expensive. Journalistic investigations are increasingly carried out by news organizations working together, even internationally (as in the case of the Panama Papers and Paradise Papers), or by organizations such as ProPublica, which have not operated previously as news publishers and which rely on the support of the public and benefact ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Köping
''Köping'' was a Swedish denomination for a market town since the Middle Ages, derived from the Old Norse word ''kaupang''. The designation was officially abolished with the municipal reform of 1971, when Sweden was subdivided into the Municipalities of Sweden (currently amounting to 290). As present-day Finland was once a part of Sweden, the Finnish word ''kauppala'' has the same meaning. In modern Finnish, the word ''kaupunki'', borrowed from the Old Norse word ''kaupang'', is the main word for town and city. Swedish ''köping'' and the English toponym ''chipping'' are also cognates as is the Norwegian word ''kjøpstad'' and the Danish toponymical suffix '' -købing''. Sweden History In 1863 the first local government acts were implemented in Sweden. There were two acts, one for cities and one for rural areas. Of the around 2,500 municipalities, 89 had city rights and thus had the right to call themselves ''stad'' (city). Under the "rural" act there were also eight loca ...
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Libel
Defamation is the act of communicating to a third party false statements about a person, place or thing that results in damage to its reputation. It can be spoken (slander) or written (libel). It constitutes a tort or a crime. The legal definition of defamation and related acts as well as the ways they are dealt with can vary greatly between countries and jurisdictions (what exactly they must consist of, whether they constitute crimes or not, to what extent proving the alleged facts is a valid defence). Defamation laws can encompass a variety of acts: * Insult against a legal person in general * Defamation against a legal person in general * Acts against public officials * Acts against state institutions (e.g., government, ministries, government agencies, armed forces) * Acts against state symbols * Acts against the state itself * Acts against religions (e.g., blasphemy, discrimination) * Acts against the judiciary or legislature (e.g., contempt of court, censure) Histo ...
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Financial Supervisory Authority (Sweden)
Financial Supervisory Authority ( sv, Finansinspektionen, FI) is the Swedish government agency responsible for financial regulation in Sweden. It is responsible for the oversight, regulation and authorisation of financial markets and their participants. The agency falls under the Swedish Ministry of Finance and regulates all organisations that provide financial services in Sweden. History FI was formed 1991 to create a single integrated regulator covering banking, securities, and insurance in Sweden. This was done with the merging of the former banking and insurance supervisory bodies, the Bank Inspectorate ( sv, Bankinspektionen) and the Insurance Supervision Authority ( sv, Försäkringsinspektionen). Responsibilities FI's primary responsibility is market stability and the monitoring of financial markets and participants. It also has a responsibility to provide consumer protection in relation to financial products. One of its tasks is monitoring for instability that will ...
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Dagens Nyheter
''Dagens Nyheter'' (, ), abbreviated ''DN'', is a daily newspaper in Sweden. It is published in Stockholm and aspires to full national and international coverage, and is widely considered Sweden's newspaper of record. History and profile ''Dagens Nyheter'' was founded by Rudolf Wall in December 1864. The first issue was published on 23 December 1864. During its initial period the paper was published in the morning. In 1874 the paper became a joint stock company. Its circulation in 1880 was 15,000 copies. In the 1890s, Wall left ''Dagens Nyheter'' and soon after, the paper became the organ of the Liberal Party. From 1946 to 1959, Herbert Tingsten was the executive editor. The newspaper is owned by the Bonnier Group since 1909, when Karl Otto Bonnier acquired the remaining shares that his family had not owned (his father Albert had already acquired some shares since 1888).
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