Lingev Slingstad, chief executive of the Norwegian sovereign wealth fund, is expected to face an investigation in his country before he leaves office.

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According to ArabiaNet, the head of the world's largest sovereign fund had accepted a flight on a private plane, which could be a deviation from the fund's compliance rules.


The fund, which has $ 1 trillion in assets, will investigate whether the independence of a private plane last year was in accordance with the fund’s rules or not, according to a statement issued by the fund on Sunday, according to Bloomberg.


Selingstad, who announced that he would leave his position as fund manager, in October accepted an offer to travel on a private Boeing 777 luxury aircraft that was chartered by Nikolai Tangen, who would succeed Slingstad.


Tangen, who founded AKO, has faced widespread criticism in the Norwegian press, given his lifestyle, and raised questions about whether Tangen was able to protect the savings of the Norwegian people represented by the fund.


The flight, which sparked a crisis, was arranged as part of Selingstad's conferences around the world. Tangjin invited him to participate in a conference in the United States last November.


The Norwegian sovereign fund said it had covered all costs of the trip to New York, along with a train ticket to Pennsylvania. The Norwegian Fund confirmed that Selangstad had no role in choosing his successor.