By Constantin Radut
Corruption! Corruption! Corruption! Officials and unofficials from Sweden often shout. The country is not tainted by the scourge of fraud and money laundering.
But it’s not like that. Sweden is also corrupt. We demand that the EU take immediate action and apply the same units of measure as those applied to Bulgaria and Romania.
Today, Ericsson’s shares fell sharply after Borje Ekholm, the chief executive of the Borje Ekholm, the chief executive of the Swedish telecommunications equipment maker, acknowledged that his group had made payments to the terrorist organization Isis in Iraq.
News agencies report that Ericsson said on Tuesday night that a 2019 internal investigation found serious violations of compliance rules in Iraq, including payments for transportation routes.
Ericsson has long been known to corrupt states and civil or public entities in various parts of the world.
Ericsson paid more than $ 1 billion in December 2019 to solve US criminal and civil investigations into corruption in countries such as China, Indonesia, Vietnam, Djibouti and Kuwait.
Ericsson said the unusual spending claims from 2018 triggered an internal investigation that found serious breaches of its compliance and ethics rules for “misconduct related to corruption”.
What seems worse to us is that the Ericsson Group has not made any disclosures so far. And even now he was not talking about “world-class” corruption if the press had not intervened.
The company said it had chosen to reveal the details of the investigation, which has been going on for two years (in secret ???, why ???) because of “detailed interrogations by the Swedish and international news media”.
So, in this way, is it hiding under the rug the corruption in the so-called “clean” and “unaffected” states by the scourge of corruption?
Swedish public broadcaster SVT said that the investigative news program Uppdrag granskning asked Ericsson questions in collaboration with the International Consortium of Investigative Journalists (ICIJ).
Evidence included making donations without a clear beneficiary; payment of suppliers without documents; use of suppliers to make cash payments; improper travel and expenses; and improper use of sales agents and consultants. It also found violations of Ericsson’s internal financial controls, conflicts of interest, non-compliance with tax laws and obstruction of the investigation, the company added.
The Swedish group said it “could not identify that any Ericsson employees were directly involved in the financing of terrorist organizations”, but added that several workers “had left the company”.
Of course, Ericsson, the major equipment supplier that “oversees” terrorist groups, has not been able to complete an internal investigation for more than two years. It’s hard in a high-tech company and in a very cool country !!!
Then we propose that Ericsson and the Swedish authorities ask for help from Romanian NGOs.
Just as we are sending this offer to the Swedish Embassy in Bucharest.
The international press points out that the revelations are a major difficulty for Ekholm, after he tried to leave behind the corruption investigation, as part of the restructuring of the Swedish group, which regained its crown as the largest network equipment manufacturer in the world. in 5G telecommunications contracts.
Of course, Ericsson has become “the biggest” in Europe after the Washington administration expelled Ericsson’s biggest competitor, Huawei.
Halal, big corrupt company!
Come to Romania to conquer the 5G market. We trust that you are the future and the virtue of the new world you are building !!! ???
By Constantin Radut