Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Ericsson money used to bribe Greek officials, claims ex-employee

By Sven Nordenstam

Swedish mobile telecoms equipment maker Ericsson paid 116 million Swedish crowns (10 million pounds) to a commercial agent, money which was then used to bribe Greek officials to secure a deal for Ericsson in 1999, Swedish radio reported on Wednesday.

In an interview, former Ericsson employee Liss-Olof Nenzell told Swedish radio that “politicians, generals and high-ranking state officials” had received the Ericsson money.

Ericsson said in a statement that it had paid money to a commercial agent, but did not know what became of it.

The Swedish company used to employ local commercial agents in many countries in a bid to increase sales.

“We have zero tolerance for bribes and corruption. At the time, we used agents, but we don’t anymore because it is a system that lacks transparency,” it said in an emailed statement.

“We know that a payment was made to an agent, but we don’t know what happened with the money after that. We really hope that the money wasn’t used for bribes, but we don’t know for sure.”

The Greek order was for the Ericsson airborne surveillance system Erieye and was worth 4.9 billion Swedish crowns ($759 million). Ericsson has subsequently sold its defence business to Swedish group Saab.

Alf Johansson, chief public prosecutor at the National Anti-Corruption unit of the Swedish Prosecution Authority, said he was looking into the matter and had asked Greek investigators for information.

He added, however, that he was only interested in potential crimes committed after July 1, 2004, as crimes before that date would have passed the statute of limitations, meaning they could not be prosecuted.

Antonis Kantas, deputy armaments chief at the Greek Defense Ministry between 1997 and 2002, has admitted to taking $16 million in bribes relating to arms deals with foreign companies and mentioned Ericsson in connection with bribes in his court testimony.

Separately, Ericsson has accused Nenzell of embezzlement and sued him to recover money. Reuters was unable to contact Nenzell for comment, but he has denied the allegations in the past.

At Ericsson, Nenzell was responsible for setting up and handling a payment system used for agents, Ericsson said.

“I haven’t taken any money. I can certainly guarantee that,” Nenzell told Dagens Industri last year.

[Reuters]

ekathimerini.com , Wednesday April 2, 2014 (20:04)  
Finance Minister appeals for support for amendments ahead of vote
Credit line only open to Greece if it meets economic targets, sources say
Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
Cyprus president to be released from hospital on Friday following readmission
ECB bank assessment to show 6-billion-euro capital gap, Citi says
The euro area’s biggest banks will show a 6 billion-euro ($7.6 billion) capital gap in the European Central Bank’s tests of the quality of their assets and ability to withstand economic shoc...
ECB vies for third time lucky in European stress tests
For the European Central Bank, success as the euro area’s financial supervisor may begin this weekend with a few failures. At noon in Frankfurt on October 26, investors will learn which of t...
Inside Business
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Finance Minister appeals for support for amendments ahead of vote
2. Credit line only open to Greece if it meets economic targets, sources say
3. ECB bank assessment to show 6-billion-euro capital gap, Citi says
4. Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
5. ECB vies for third time lucky in European stress tests
6. Cyprus president to be released from hospital on Friday following readmission
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. ECB vies for third time lucky in European stress tests
4. Cyprus GDP upgrade seen as boosting bailout exit plans
5. Cyprus president to be released from hospital on Friday following readmission
6. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Coalition shooting itself in the foot
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.