Greek investigation into contract from 1999
June 19 2016 - 7:00AM
Ericsson (NASDAQ:ERIC) informs about an
investigation in Greece relating to a defense agreement signed in
1999.
Greek authorities have, for a period of time,
conducted investigations into arms deals in the Greek defense
sector. One investigation involves an agreement in which Ericsson
Microwave Systems delivered an airborne radar system to Greece. The
contract was signed in 1999. The company reports incidents of
corruption annually as part of its Sustainability and Corporate
Responsibility disclosures. Ericsson commented publicly on this
case more than two years ago, including in conjunction with its
Annual General Meeting.
Ericsson Microwave Systems was sold by Ericsson in
2006. Company records, agreements and documentations were handed
over as part of the sale.
Recently, as part of the ongoing investigation,
seven current and former Ericsson employees have been served with
summons in preliminary investigation proceedings by a Greek
prosecutor involving allegations of possible corruption.
Ericsson has not been contacted by any authority
in this matter.
The current and former Ericsson employees have not
yet been provided with the full relevant documentation from the
investigation, and have not yet been questioned by the Greek
prosecutor.
Since an investigation is on-going, where present
and former employees have been served, it is not appropriate for
Ericsson to comment further on the substance of this matter.
Ericsson works actively with its anticorruption
program, and has a strong Code of Business ethics which is
acknowledged by all employees at the time of employment and
repeatedly throughout the term of employment. Ericsson has zero
tolerance for corruption and bribery, and we work actively to
prevent any kind of corruption within the Group, for example
through anticorruption training for both employees and suppliers.
We report transparently on our efforts annually in our
Sustainability and Corporate Responsibility Report, which includes
our GRI reporting, where we report in incidents of corruption and
actions taken.
Ericsson will continue to follow this case closely
and will cooperate with authorities, as appropriate.
For more information to Ericsson's approach to
anticorruption:
www.ericsson.com/thecompany/sustainability-corporateresponsibility
NOTES TO EDITORS
For media kits, backgrounders and high-resolution
photos, please visit www.ericsson.com/press
Ericsson is the driving force
behind the Networked Society - a world leader in communications
technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and
society to fulfill their potential and create a more sustainable
future.
Our services, software and
infrastructure - especially in mobility, broadband and the
cloud - are enabling the telecom industry and
other sectors to do better business, increase efficiency, improve
the user experience and capture new opportunities.
With approximately 115,000
professionals and customers in 180 countries, we combine global scale with technology and services
leadership. We support networks that connect more than 2.5 billion
subscribers. Forty percent of the world's mobile traffic is carried
over Ericsson networks. And our investments in research and
development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its
headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is
listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in
New York.
www.ericsson.com
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericsson
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com
Greek investigation into contract
from 1999
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ericsson via Globenewswire
HUG#2021642
Ericsson (NASDAQ:ERIC)
Historical Stock Chart
From Apr 2024 to May 2024
Ericsson (NASDAQ:ERIC)
Historical Stock Chart
From May 2023 to May 2024