Friday, June 17, 2016

Ericsson confirms corruption issues – Västerbotten Courier

Economy. After reports that Ericsson is being investigated by US authorities, Nordea, one of its major shareholders, had a meeting with the telecom giant. But it was not about corruption issues, according to the bank. Other owners do not want to comment on the data.

Sasha Beslik, Nordea’s head of responsible investment, says the Swedish newspaper Svenska Dagbladet:

– Some markets such as Uzbekistan, Kazakhstan and China difficult of corruption perspective. We have wondered why other companies are caught but not Ericsson. We have already received indications things were not OK.

Nordea’s press service informs TT that today’s meeting with Ericsson has been planned for some time and that it had to do with the US authorities put corruption issues to Ericsson.

According to reports in the Swedish newspaper Svenska Dagbladet, Nordea Ericsson shares of over one billion.

Answers questions

Ericsson confirms that the company has received questions about corruption from US authorities.

“What we can say is that it is Ericsson’s anti-corruption programs and issues related to the Foreign Corrupt Practices Act. Ericsson collaborates with the US authorities and are working to answer questions, “the company writes in a press release.

What is the type of questions the company wants not tell, but it started several years ago:

“in March 2013, received the Ericsson requests to voluntarily answer a number of questions from authorities in the United States of Ericsson’s business,” the company writes.

Ericsson also writes that they aspire to the all times conduct business in accordance with applicable laws.

“No dialogues in the media”

It is the SEC and the US Department of Justice currently reviewing Ericsson’s operations in China suspected corruption, according to information in the Swedish newspaper Svenska Dagbladet.

the industrial world is one of Ericsson’s major shareholders. The industrial world has 15 percent of the votes and in March the company had one share value in Ericsson of 6.8 billion.

– We are a large and active owner and we only dialogues on the Ericsson board and in the election if we have comments. We are no dialogues in the media, says Sverker Sivall, Communications Industrial World, said.

Ericsson’s shareholders Investor does not want to leave any comment, referring to Ericsson’s press release.

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