A recent survey by the Nordic Business Ethics Network into how 1,500 employees in Finland, Norway and Sweden, perceive ethics at their workplaces reveal that over 90 percent value an ethical working place higher than a salary increase or a promotion.… Continue Reading
A Russian employee of Bombardier accused of aggravated bribery was acquitted Wednesday when the District Court in Stockholm ruled the charges couldn’t be proved.… Continue Reading
Swedish prosecutors charged three former executives of Telia Company AB Friday with bribery in Uzbekistan, including a former CEO.
Authorities in Sweden arrested an executive and questioned several others from international engineering and manufacturing firm Bombardier as part of an investigation into corruption in Azerbaijan.… Continue Reading
In the 2016 Transparency International Corruption Perceptions Index released last week, Nordic countries again received the most favorable rankings. Yet, for the second year in a row, Transparency International’s website draws a negative example from the Nordics, citing a scandal involving members of the Danish parliament to illustrate corruption in European countries.
Last year, Transparency International used a Swedish bribery investigation to show that countries with reputations for domestic compliance may have “dodgy records overseas.” The website noted that “just because a country has a clean public sector at home, doesn’t mean it isn’t linked to corruption elsewhere.”
As signatories to the OECD, the Nordics have been subject to a series of reports and recommendations, all of which called on authorities to step up the investigation and prosecution of bribery abroad.… Continue Reading
Sweden’s Telia Company said Thursday it received a proposal from U.S. and Dutch authorities to pay $1.4 billion to settle allegations of overseas bribery.… Continue Reading
I have never found a culture that truly endorses straight-up bribery. There may be no culture which actually teaches that a suitcase full of cash privately given to an official in exchange for a benefit to which the payor is not legally entitled is a good thing, one that we should not deter even if we could.
The debates about culture and corruption concern the margins of bribery — gift-giving, nepotism, etc.… Continue Reading
The U.S. Justice Department took another big step in its investigation of bribes allegedly paid by Russian and Swedish companies to the eldest daughter of Uzbek President Islam Karimov in exchange for access to the country’s telecoms market.
The DOJ asked authorities in several European countries last week to freeze about $1 billion in assets tied to Gulnara Karimova and alleged bribes from VimpelCom and MTS of Russia and TeliaSonera of Sweden, the Wall Street Journal said.… Continue Reading