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STOCKHOLM: Ericsson<\/a> Chief Executive Borje Ekholm said on Tuesday he had told staff in 2019 to disclose to the U.S. Department of Justice all information on an investigation the company carried out that year into suspect payments in Iraq.
The Swedish telecoms equipment maker has been under scrutiny over possible payments to Islamic State after Ericsson said this month that U.S. authorities had determined it failed to make sufficient disclosures about its activities in Iraq before entering a deferred prosecution agreement in 2019.
\"It's correct that I instructed to disclose fully to the DOJ and then of course we have an internal process ... I will not go into those details,\" Ekholm said on a call with shareholders, ahead of its annual general meeting on March 29.
The Ericsson board, including Chairman Ronnie Leten, has been backing Ekholm, after proxy firms including Glass Lewis had recommended shareholders vote to remove him following the disclosure and a sharp fall in the company's share price.
Ericsson had only submitted parts of its 77-page investigation in 2019 and not the entire report to the Justice Department, a source familiar with the matter told Reuters on Tuesday.
The 2019 deal between Ericsson and the Justice Department was to resolve a probe into years of alleged corruption in China, Vietnam and Djibouti. Ericsson paid more than $1 billion in penalties and other fees to reach a settlement.
Ericsson disclosed its issues in Iraq last month, triggering a share price fall that wiped more than a third off its market value. It said its 2019 internal probe had identified payments designed to circumvent Iraqi customs at a time when militant organizations, including Islamic State, controlled some routes.
However, it did not disclose the findings of this probe to shareholders in 2019 and only released a statement in February after media enquiries, which led to questions over whether the Justice Department was aware of the investigation.
The Justice Department's notice earlier this month said that Ericsson did not properly disclose misconduct and compliance failures in Iraq.
The department was not immediately available for comment.
Since the Justice Department sent a notification of breach to Ericsson on March 2, the company has changed its Chief Legal Officer, replacing Xavier Dedullen with Scott Dresser.
Dedullen did not respond to a request for comment.
Several shareholders raised concerns on Tuesday's call about whether any other probes were yet to be disclosed or any potential financial implication as a result of the Justice Department deal breach.
Ericsson executives<\/a> said they are in talks with the department.
\"We are going to do everything that we need to do to address any historical issues or that may come up in the review,\" said Dresser, who will oversee Ericsson's review over its conduct relating to Iraq and how it was addressed.
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爱立信首席执行官说,他告诉员工的手在2019年美国伊拉克全面报告
瑞典电信设备制造商一直在审查可能支付给伊斯兰国家仅次于爱立信本月表示,美国当局已经决定未能充分披露其活动在伊拉克在2019年进入一个暂缓起诉协议之前。
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斯德哥尔摩:爱立信首席执行官Borje Ekholm周二表示,他已经告诉员工在2019年向美国司法部披露所有信息在一个公司去年进行了调查可疑支付在伊拉克。
瑞典电信设备制造商一直在审查可能支付给伊斯兰国家仅次于爱立信本月表示,美国当局已经决定未能充分披露其活动在伊拉克在2019年进入一个暂缓起诉协议之前。
“这是正确的,我指示充分披露美国司法部当然我们有一个内部流程……我不会进入这些细节,”Ekholm与股东的电话说,3月29日的年度大会。
爱立信董事会,包括主席罗尼Leten,一直支持Ekholm,代理公司包括Glass Lewis建议股东投票后删除他披露后,该公司的股价大幅下滑。
爱立信只有部分提交的77页的调查在2019年而不是整个报告司法部,一位知情人士周二对路透表示。
爱立信和司法部之间的2019年解决调查涉嫌腐败在中国,越南和吉布提。爱立信支付超过10亿美元的罚款和其他费用达成和解。
爱立信上个月披露其在伊拉克问题,引发股价下跌,其市场价值下降了三分之一以上。该公司表示,其2019年内部调查已经确认支付为了规避伊拉克海关时激进组织,包括伊斯兰国家,某些线路控制。
然而,它没有向股东披露这个调查的结果在2019年,只有2月发表了一份声明媒体询问后,导致问题在司法部门是否意识到调查。
司法部的注意本月早些时候表示,爱立信没有适当披露不当行为和合规在伊拉克的失败。
部门没有立即对此事发表评论。
因为司法部发出违约通知爱立信3月2日,公司已经改变了它的首席法律顾问,取代Xavier Dedullen斯科特梳妆台。
Dedullen没有回应记者的置评请求。
几个股东担心周二的调用任何其他探针是否有待披露或任何潜在的金融含义由于司法部交易违约。
爱立信高管说,他们正在与部门谈判。
“我们要做的一切,我们需要解决可能出现的任何历史问题或评论,“说梳妆台,谁将负责爱立信的审查有关伊拉克和它是如何对其进行处理。
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