Sunday, May 22, 2022

Swedish prosecutor opens preliminary investigation into alleged Ericsson bribes in Iraq – TT news agency


Swedish prosecutors have opened a preliminary investigation in to alleged bribes paid by telecom giant Ericsson (ERICb.ST) in Iraq, Swedish news agency TT said on Wednesday, quoting the prosecutor Leif Gorts as saying.

“Yes, I can confirm that, but I can not go into more detail about what it concerns as it has just begun,” Gorts told TT.

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Ericsson and the prosecutor could not be immediately reached by Reuters for comment.

Ericsson said this month it would likely be fined by U.S. regulators for its handling of a bribery investigation in Iraq. The company said in February that an internal investigation had found it may have made payments to the Islamic State militant group in Iraq – misconduct it said “started at least back in 2011”.


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