Ericsson (ERIC) informed about an investigation in Greece relating to a
defense agreement signed in 1999.
Greek authorities have conducted investigations into arms deals in the Greek defense sector. One investigation involves an agreement in which Ericsson Microwave Systems delivered an airborne radar system to Greece. The contract was signed in 1999. The company reported incidents of corruption annually as part of its Sustainability and Corporate Responsibility disclosures.
Ericsson said it commented publicly on this case more than two years ago, including in conjunction with its Annual General Meeting.
Ericsson Microwave Systems was sold by Ericsson in 2006. Company records,
agreements and documentations were handed over as part of the sale.
Recently, as part of the ongoing investigation, seven current and former
Ericsson employees have been served with summons in preliminary investigation
proceedings by a Greek prosecutor involving allegations of possible corruption.
Ericsson noted that it has not been contacted by any authority in this matter.
The current and former Ericsson employees have not yet been provided with the
full relevant documentation from the investigation, and have not yet been
questioned by the Greek prosecutor, the company said.
Ericsson noted that it will continue to follow this case closely and will cooperate with authorities, as appropriate.
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