Greek investigation into contract from 1999
(Thomson Reuters ONE) -
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
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations(at)ericsson.com
Greek investigation into contract from 1999 :
http://hugin.info/1061/R/2021642/751052.pdf
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Source: Ericsson via GlobeNewswire
[HUG#2021642]
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Datum: 19.06.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 478591
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