Ericsson might have bribed Isis

Stefan Mileschin · 18th February 2022, 08:35

Heads will roll

Telcoms outfit Ericsson may have paid off the ISIS terror organisation to gain access to certain transport routes in Iraq, in a shock admission following years of regulatory investigations.

Shares in Ericsson fell by 14.5 per cent around lunchtime on Wednesday, its biggest drop in a day since July 2017.

In an interview with newspaper Dagens Industri, chief executive officer Borje Ekholm said that Ericsson had identified "unusual expenses dating back to 2018" but the company hasn't yet determined who the final recipient of the money was.

"What we are seeing is that transport routes have been purchased through areas that have been controlled by terrorist organisations, including ISIS," Ekholm added.

Ekholm's comments follow a statement by the telecommunications equipment manufacturer late on Tuesday, in which the company said that it continues to "invest significantly" into a probe regarding compliance concerns in its Iraq-based operations.

https://fudzilla.com/news/54390-eric...ve-bribed-isis

18th February 2022, 08:35	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,575	Ericsson might have bribed Isis Heads will roll Telcoms outfit Ericsson may have paid off the ISIS terror organisation to gain access to certain transport routes in Iraq, in a shock admission following years of regulatory investigations. Shares in Ericsson fell by 14.5 per cent around lunchtime on Wednesday, its biggest drop in a day since July 2017. In an interview with newspaper Dagens Industri, chief executive officer Borje Ekholm said that Ericsson had identified "unusual expenses dating back to 2018" but the company hasn't yet determined who the final recipient of the money was. "What we are seeing is that transport routes have been purchased through areas that have been controlled by terrorist organisations, including ISIS," Ekholm added. Ekholm's comments follow a statement by the telecommunications equipment manufacturer late on Tuesday, in which the company said that it continues to "invest significantly" into a probe regarding compliance concerns in its Iraq-based operations. https://fudzilla.com/news/54390-eric...ve-bribed-isis

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