Ericsson board backs CEO amid ongoing Iraq scandal
As the controversy around its alleged dodgy dealings in Iraq continues, Swedish kit maker Ericsson has today made a statement supporting its CEO.
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corruption
Ericsson shares plunge on Iraq corruption admission
Swedish kit vendor Ericsson has been forced to reveal the outcomes of an internal inquiry into the historical conduct of some of its employees in Iraq and investors are running scared.
Ericsson sets aside $1.2 billion in preparation for corruption fine
Since 2013, Ericsson has been the focus of two investigations concerning the Swedish vendors compliance with the US Foreign Corrupt Practices Act (FCPA), and now it is preparing for the fine.
Samsung boss dodges corruption bullet for now
The corruption scandal that led to the impeachment of South Korean President Park Geun-hye also threatened the Vice-Chairman of Samsung Electronics Lee Jae-yong.
Telco graveyard Uzbekistan claims another victim with $1.4 bn Telia fine
A decade ago some ambitious TeliaSonera execs got together over bottle of aquavit and concluded the smart money was in Uzbekistan. They were wrong.
Vimpelcom Russia CEO steps down amid corruption probe
Multinational operator group Vimpelcom has announced the resignation of the CEO of its Russian operations Mikhail Slobodin in the light of a corruption probe at his previous employer.
Juniper under investigation for foreign corrupt practice
Next generation networking specialist Juniper is ill at ease on the stock market this week following the revelation Friday that it is being investigated by the US anti corruption authority.
India sets guidelines for 2G reauction
India’s Department of Telecom (DoT) has announced guidelines for the reauction of its 2G spectrum, following the Supreme Court’s cancellation of the licences that were awarded in a 2008 spectrum sale, earlier this year.
China Mobile exec given death sentence for bribery
A former deputy general manager at China Mobile has been sentenced to death by the Chinese state, having been found guilty of corruption. Zhang Chunjiang, who was detained late in 2009, confessed to having accepted US$1.16m in bribes between 1994 and 2009.
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