STOCKHOLM : Ericsson 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.
"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. 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.
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.
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