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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Including Defrauding Customs .. “Ericsson” Reveals Serious Violations In Its Work In Iraq

    Rocky
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    Including Defrauding Customs .. “Ericsson” Reveals Serious Violations In Its Work In Iraq Empty Including Defrauding Customs .. “Ericsson” Reveals Serious Violations In Its Work In Iraq

    Post by Rocky Wed Feb 16, 2022 10:41 am

    [size=38]Including Defrauding Customs .. “Ericsson” Reveals Serious Violations In Its Work In Iraq
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    LAST UPDATE 02/16/2022 | 3:44 PM
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    Information / follow up..
    The shares of Ericsson, the telecommunications equipment manufacturer, fell 10.3% at the beginning of trading on the Swedish Stock Exchange, during Wednesday's trading, after the company announced that it had discovered serious violations of the company's work rules and ethics in Iraq, as part of an internal investigation of its operations.
    According to the company's press release, the internal investigation revealed illegal payments to intermediaries for transporting goods, the use of alternative transportation methods, and defrauding Iraqi customs, at a time when terrorist organizations, including ISIS, controlled certain transportation routes.
    The investigation found support for corruption-related misconduct, through cash donation without a clear recipient, payment to a supplier for work without scope and documentation, use of suppliers for cash payments, inappropriate travel and expense financing, and inappropriate use of sales agents and consultants.
    In addition, violations of Ericsson's internal financial controls, conflicts of interest, non-compliance with tax laws and obstruction of the investigation were found.
    According to Ericsson, several employees have been fired from the company and several additional disciplinary and corrective actions have been taken.
    Ericsson said in the statement that investigators were unable to identify the final recipients of the payments.
    What we see is that transportation routes have been bought through areas controlled by terrorist organizations, including ISIS, Ericsson CEO Borg Ekholm said in an interview with Dagens industri.
    And we have no opportunities to determine who is the ultimate recipient of these payments.
    News of the internal investigation adds another embarrassment to the company after a long-running corruption investigation, including a $1 billion settlement in 2019. End/25S
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