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Tag: Iraq

Ericsson Sued by Shareholders for $170mn over Delay in Disclosing Bribes to Terrorists

Ericsson hid the existence of an investigation into bribes paid to Islamic State for two years. 37 investors now want compensation.

Ericsson’s New $206mn Bribery Fine: Will They Ever Come Clean?

CEO Börje Ekholm offered more platitudes about ethics after US prosecutors levied another big penalty for corruption.

Ericsson Sued over Alleged Terrorist Payments

528 relatives of Americans killed by terrorists want compensation because of 'protection' payments Ericsson made whilst delivering contracts to Wataniya, Asiacell and Korek Telecom in Iraq.

Ericsson Faces More Corruption Investigations

Swedish prosecutors have announced they are investigating Ericsson's activities in Iraq, including suspected payments to Islamic State.

Ericsson May Have Paid Islamic State Terrorists to Enable Tax Evasion

An internal investigation by the network manufacturer suggests they avoided Iraqi Customs by using roads controlled by ISIS.

Iraq Regulator Bribed with Expensive London Homes Say Lawyers Working for Orange

Telco group Orange and logistics firm Agility owned 44% of Iraqi operator Korek until their shareholding was seized.

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