Ericsson Employees Summoned by Greek Authorities in Probe
June 19 2016 - 12:00PM
Dow Jones News
By Matthias Verbergt
Swedish telecom equipment maker Ericsson AB said on Sunday that
seven of its current and former employees have been served with
summons by Greek authorities over allegations of possible
corruption.
Ericsson said the unnamed seven 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 two years ago, said the
current and former employees were recently served with summons in
preliminary investigation proceedings by a Greek prosecutor over
allegations of possible corruption.
It sold the subsidiary to Saab AB in 2006. Saab declined to
comment on Sunday.
Ericsson said it hasn't been contacted by any authority in the
matter, and that the seven haven't yet been provided with the full
relevant documentation from the investigation or questioned by the
Greek prosecutor.
Ericsson said it wouldn't give more details on the matter but
would cooperate with authorities.
The statement comes two days after Ericsson confirmed that the
U.S. Securities and Exchange Commission was investigating some of
the company's business operations as part of an anticorruption
probe related to the U.S. Foreign Corrupt Practices Act.
Ericsson on Friday said the SEC in March 2013 requested it to
provide information on its anticorruption policies and
procedures.
Ericsson on Friday declined to give more details on which
business practices were being investigated by the SEC, but said it
would cooperate fully with authorities.
Write to Matthias Verbergt at Matthias.Verbergt@wsj.com
(END) Dow Jones Newswires
June 19, 2016 11:45 ET (15:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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