Telecoms, Bribes and South Korea’s President: Part 2
The US will punish unethical business activities around the world when others turn a blind eye but the need for semiconductors means the failings of Samsung will be excused.
The US will punish unethical business activities around the world when others turn a blind eye but the need for semiconductors means the failings of Samsung will be excused.
South Korean operator KT has a history of corruption scandals, reflecting a certain attitude to doing business.
Swedish prosecutors have announced they are investigating Ericsson’s activities in Iraq, including suspected payments to Islamic State.
The actions and inaction of two more senior Swedish telecoms execs are analyzed in the second part of this series on corruption.
The first part in a series about holding telecoms bosses accountable for corruption features the stories of Kurt Hellström and Carl-Henric Svanberg, two former CEOs at Ericsson.
Suspicion surrounds Ericsson because promises to be ‘transparent’ about corrupt business practices have so obviously been broken.
Ericsson’s billon-dollar settlement of corruption charges with the US DoJ and SEC may be invalidated by revelations of more wrongdoing that was not previously disclosed.
Telcos in countries with Goods & Services Tax should be wary of new versions of tax scams invented in countries with Value Added Tax.
Colt entered a legal battle after refusing to pay USD5mn of invoices to an Italian VoIP carrier that appeared to be engaging in VAT fraud.
Vodacom finds itself being squeezed for money by another African government, this time in the Democratic Republic of Congo (DRC).