23:59, March 5, 2013
By Daniel Bojin and Paul Radu, with contribution from Sweden by Michell Gronlund
In a courtroom in the Swedish capital of Stockholm, a telecommunications executive and his employer have been fighting a pitched battle to see who is dirtier. Ericsson, the Swedish telecommunication giant, claims Thomas Lundin, their former general manager in Romania, pilfered $7 million from them.
Lundin says the $7 million was part of a company-approved slush fund used to bribe Romanian officials and decision makers to get more business. The case raises questions about how Western businesses really work in Eastern Europe and comes at a time when Swedish prosecutors are looking at a similar case involving officials at Teliasonera who allegedly bribed Uzbek officials for a 3G license.
Armenian News
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