Ericsson Says Six Current and Former Employees to be Indicted in Greek Probe
July 07 2017 - 6:27AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish telecom equipment maker Ericsson AB (ERIC)
said Friday it has become aware that six of its current and former
employees will be indicted by Greek authorities over allegations of
possible corruption.
The unnamed six--two current and four former employees--are
involved in an investigation into a defense deal that former
subsidiary Ericsson Microwave Systems completed with Greece in
1999, which included the delivery of an airborne radar system.
Ericsson, which disclosed the probe three years ago, said it
hasn't been contacted by any authority on the matter, but is aware
that there has been a recent decision to indict the six
individuals. Greek prosecutors had previously served seven current
and former employees with summons for preliminary investigation
proceedings.
Ericsson sold the subsidiary to Saab AB in 2006.
"Although the company refrains from providing details of the
ongoing legal proceeding, Ericsson takes all allegations of
corruption in relation to our business seriously," it said.
-Write to Dominic Chopping at
dominic.chopping@wsj.com<mailto:dominic.chopping@wsj.com>;
Twitter: @domchopping @WSJNordics
(END) Dow Jones Newswires
July 07, 2017 06:12 ET (10:12 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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