The telecom giant’s board and CEO are left exposed by an extraordinary vote that could allow them to be held liable for misconduct.
Börje Ekholm faces a critical shareholder vote after ISIS revelations sent the company’s stock tumbling.
Days after ICIJ publishes the Ericsson List investigation, prosecutors said the Swedish telecom giant failed to sufficiently disclose possible misconduct in Iraq before signing a billion-dollar settlement with the U.S. Justice Department.
The embattled Swedish telecom giant concealed years of bribery and fraud in the war-torn nation and grappled with undisclosed corruption allegations in more than a dozen other countries.
Leaked documents detail sham contracts, lavish gifts, an ‘uncontrolled slush fund,’ and suspicious payments that employees of the telecom giant made via middlemen to militants in Iraq, high-ranking officials and more.
What sort documents were leaked? Will ICIJ publish the Ericsson List files? Who was in the data? Frequently asked questions about the Ericsson List investigation, answered.
ICIJ, together with 30 media partners in 22 countries, spent months investigating leaked Ericsson documents that detail alleged corrupt practices in 15 countries, including in Iraq where the Swedish telecom giant may have made payments to ISIS.
An ICIJ investigation reveals how Ericsson dealt with ISIS and engaged in bribery and other corrupt practices to solidify its grip in Iraq.
Competing to dominate infrastructure in battleground states like Iraq, Ericsson and Huawei have been accused of using dodgy tactics to win contracts and secure control of more territory.
An Iraqi engineer says telecom giant Ericsson made him deliver a message to the notorious terrorist group. He’s never been the same.