Ericsson suspected of bribing ex-president

According to a report by Swedish Radio’s news programme Ekot, in 1999 Ericsson paid 2.5 million kronor to a bank account, which was controlled by Costa Rica’s ex-president Miguel Angel Rodriguez. At the same time, the Swedish telecommunications giant was competing for a major telecoms contract in the country.

Ericsson tried to hide the payment by using a shell company and “bounced the money” through banks in three different countries before reaching an account in Panama.

Several former executives who have been promised anonymity have told Swedish Radio of similar payments made to ministers and senior managers in countries in which Ericsson wanted to obtain contracts.

Ericsson is currently facing a series of corruption probes, including in Greece and the US.