Obol Investment

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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 at Norrbottens-Kuriren and 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).