Ericsson Employees May Have Bribed ISIS In Iraq, CEO Suspects
NDTV
Ericsson CEO Ekholm's comments came hours after the company released a statement late Tuesday admitting "serious breaches of compliance rules and the company's code of business ethics"
Swedish telecoms giant Ericsson suspects some of its employees in Iraq may have bribed Islamic State group members to get its road transports through the country, its chief executive said Wednesday.
"What we see is that people have paid for road transport through areas controlled by terrorist organisations, including ISIS," Borje Ekholm told Swedish financial daily Dagens Industri, using another name for IS.
"With the means we have, we haven't been able to determine the final recipients of these payments," he added.
Ericsson's share price tumbled by seven percent in opening trading on the Stockholm stock exchange after the news.
