STOCKHOLM (AP) — A Swedish court has sentenced a 47-year-old man to three years in prison for spying for Russia by handing over confidential information on the Swedish truck and bus maker Scania to a Russian diplomat in return for money over several years.
The man, identified as Kristian Dimitrievski, had been charged with delivering sensitive corporate information to his handlers about Scania but also about the Chinese-owned Swedish car manufacturer Volvo Cars. The Goteborg District Court acquitted him of that latter charge in its verdict on Wednesday.
Dimitrievski, a civil engineer living in Sweden's second city of Goteborg who worked between 2016-2019 as a consultant first with Volvo Cars and later with Scania, denied the charges. His nationality was not specified in court papers.
The court verdict said that in 2016 Dimitrievski got in touch with a Russian embassy official and the two began to meet with some regularity until the man was arrested at a meeting with the Russian diplomat at a restaurant in central Stockholm in 2019.
“The district court has concluded that the man copied secret information from both Volvo and Scania ... that he then handed over to the Russian embassy official, and that he was fully aware that the information he provided would benefit Russia,” the court said in a statement.
The Swedish court said that for a suspect to be convicted of espionage it is required to be proven that Sweden’s security can be damaged if the information provided benefits foreign powers.
“The district court has ruled that this is the case with regard to the information ... from Scania, while it has not been proven that this is the case with regard to the information from Volvo,” the court said.
Prosecutors had said earlier that the man’s actions put Sweden’s security at risk, and demanded “a lengthy sentence.” In Sweden, the maximum penalty is for espionage is six years.7 Bellwether Stocks Signaling a Return to Normal
Bellwether stocks are considered to be leading indicators about the direction of the overall economy, a specific sector, or the broader market. They are predictive stocks in that investors can use the company’s earnings reports to gauge economic strength or weakness.
The traditional definition of bellwether stocks brings to mind established, blue-chip companies. They are the home of mature brands with consumer loyalty. These may be stocks that aren’t associated with exceptional growth; some may be dividend stocks.
But there’s something different about normal this time around. If it’s true (and I think it is) that the old rules no longer apply, investors need to change the way they think about bellwether stocks. Plus, let’s face it, many stocks that we might consider to be bellwether stocks have already had a bit of a vaccine rally. That means that the easy gains are gone.
With that in mind, we’ve put together this special presentation that highlights seven of what may be termed the new bellwether stocks. These are stocks that investors should be paying attention to as the economy continues to reopen.
One quality of many of these stocks is that they are either negative for 2021 or underperforming the broader market. And that means that they are likely to have a strong upside as the economy grows.
View the "7 Bellwether Stocks Signaling a Return to Normal"