Ulf Sundqvist

Ulf Ludvig Sundqvist (22 February 1945 – 22 April 2023) was a Finnish politician who served as chairman of the Social Democratic Party of Finland, a minister in four cabinets in the 1970s and a banker in the 1980s.

Although Sundqvist was personally involved in some minor financial irregularities, the main thrust of the accusations against him was rooted in his incompetent management and reckless lending practices.

Sundqvist was elected chairman of the SDP in November 1991, and he was replaced by Paavo Lipponen in June 1993.

In a civil trial, he was held financially responsible for the demise of STS, and was ordered to pay damages.

[3] Arja Alho used her authority as the second minister of finance to lower Sundqvist's financial liabilities in 1997, which led to her resignation.