1. Ex-Ericsson Executives Tell of Massive Bribery

    Ex-Ericsson Executives Tell of Massive Bribery

    Stockholm (AFP) - Former executives with Swedish telecoms equipment giant Ericsson say the firm shelled out tens of millions of dollars in bribes between 1998 and 2001, the Swedish media reported Wednesday. A former executive named Liss-Olof Nenzell has handed the US Securities and Exchange Commission (SEC) documents relating to the alleged kickbacks, Dagens Nyheter daily and Swedish public radio SR said...

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    1. Enormous sums were sent via Zurich from the company headquarters in Sweden to secret recipients around the world.
    2. Ericsson has, just like many other companies that are active in the international market, used commercial agents.
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