• Sweden's news in English
 
app_header_v3

Telia Sonera faces new dictator probe

The Local · 17 Jul 2014, 12:49

Published: 17 Jul 2014 12:49 GMT+02:00

"We actually don't know what the situation is. It's not good that we don't know who is behind our affiliated company in Azerbaijan," Telia Sonera CEO Johan Dennelind told told the TT news agency.
 
"Now we're doing everything we can do find the answer to that question, and are very focused on it."
 
Dennelind adds that before they are certain of the circumstances they can not make any further comments.
 
"It's a basic rule that when we enter a country we need to know who's behind our subsidiaries."
 
The new allegations emerged in a fresh report by the Organized Crime and Corruption Reporting Project (OCCRP) - a group which investigates corruption in eastern Europe.
 
The story dates back seven years to when Telia Sonera bought out the Azerbajdzjan state's shares in its subsidiary in the country. According to the OCCRP report the company however maintains close links to the Aliyev family through an unidentified Swiss art dealer.
 
Chief prosecutor Gunnar Stetler, who heads an investigation into allegations of bribery and money-laundering involving the firm in Uzbekistan, has refused to comment but has confirmed the prosecution office is "keeping an eye on" the situation in Eurasia.
Story continues below…
 
The news emerged as Telia Sonera present a 500 million kronor ($73 million) drop in pre-tax profit for the second quarter 2014. 
 
Dennelind explained the drop due to a decline in revenues in its Spain operations. The company's share fell by 2 percent on the Stockholm bourse on Thursday.

For more news from Sweden, join us on Facebook and Twitter.

The Local (news@thelocal.se)

Your comments about this article

Today's headlines
Police shoot knife man in central Stockholm
Police technicians spent the rest of Saturday night combing the square for clues. Photo: TT

A knife-wielding man was shot by police officers in Stockholm’s Sergel Square on Saturday night after he attacked officers.

 Ibrahimovic 'is not going to Manchester United' - agent
Ibrahimovic is pondering his next move. Photo: TT

According to Mino Raiola, the agent of Swedish superstar footballer, Zlatan Ibrahimovic, his client will not be heading to Old Trafford to link up with Jose Mourinho, Manchester United's new manager.

More flight delays hit Swedish airport
For some flights, the problems have led to up to two hours of delays. Photo: TT

Travellers at Stockholm’s Arlanda airport were beset again with delays on Saturday afternoon after technical problems with flightplan management software.

Video
The top reactions to Swedish high heels handyman video
Andersson was in agony after a day of laying floors in high heels. Photo: Emil Andersson

What did The Local's readers think about this viral clip challenging sexist beauty ideals?

Transport authorities call for probe into tech glitch
SAS aircraft grounded at Arlanda airport last week. Photo: Johan Nilsson/TT

But officials say it was not sabotage that caused last week's network failure, which knocked out large parts of Swedish air traffic.

Why northern Swedes get the hots for sex toys
File photo of handcuffs. Photo: Gunnar Lundmark/SvD/TT

Where in Sweden do people buy the most sex toys? Kiruna in the far north, apparently.

Royal baptism day for Sweden's Prince Oscar
Prince Oscar with Archbishop Antje Jackelén. Photo: Jonas Ekströmer/TT

UPDATED: Royalty, dignitaries and other esteemed figures took to Stockholm's Royal Chapel for the ceremony.

Giant replica of Swedish 18th century ship up for sale
The Götheborg setting sail from Stockholm in 2008. Photo: Claudio Bresciani / TT

A replica of a doomed Swedish merchant vessel that sank in 1745 within sight of its home port of Gothenburg has been put up for sale.

Border checks
First migrants make it from Denmark to Sweden on foot
The Öresund bridge between Sweden and Denmark. Photo: Erland Vinberg/TT

Dozens of attempts have been made, but this is the first successful crossing since Sweden introduced ID and border checks.

Brexit
Poll: Swedes are worried about Brexit consequences
The possibility of Brexit has Swedes worried about the EU's future. Photo: Lars Pehrson/SvD/TT

Swedes are worried about what may happen both at home and abroad if Britain votes to leave the EU in June.

Sponsored Article
How to find student housing in Malmö: 5 tips
Gallery
The best, cutest and funniest snaps from Prince Oscar's christening
Sponsored Article
Can you afford to live in Stockholm? (Hint: yes)
Travel
Is this town the best place in Sweden?
Gallery
People-watching: May 25th
Blog updates

27 May

Editor’s blog, May 27th (The Local Sweden) »

"Hej readers, Would you spend a day doing manual labour in high heels? That’s what Swedish…" READ »

 

17 May

What about “att”? (The Swedish Teacher) »

"Hej! It often seems like the small words are the ones that cause the most confusion.…" READ »

 
 
 
Sponsored Article
'Sweden gives artists the space to follow their dreams'
Society
WATCH: Why Swedish handyman wore pink high heels for feminism
Sponsored Article
Stockholm makes it easier for refugees to meet startups
Sport
LIST: Top-ten ridiculous things Zlatan has compared himself to
Business & Money
Why Swedes don't want the euro
Fastighetsbyrån
Gallery
Property of the week: Vika, Falun
Sponsored Article
Food, fun, and reliable sun: Summer in Dubrovnik
National
Is this the most Swedish tattoo ever?
Sponsored Article
How Stockholm startups help new employees feel at home
Gallery
People-watching: May 20th-22nd
National
How to really annoy a Swede abroad
Sponsored Article
'Only soft power can defeat radicalism'
National
How this war veteran is warming hearts in Sweden
Sponsored Article
Why Stockholm attracts so many successful researchers
Gallery
People-watching: May 18th
National
How this Swede's viral ad totally nailed Stockholm's housing crisis
Gallery
Property of the week: Vasastaden, Gothenburg
Sponsored Article
'Sweden gives artists the space to follow their dreams'
Lifestyle
The best Swedish cities for dating
Sponsored Article
Retiring abroad: ensuring your health is covered
Gallery
People-watching: May 13th-15th
Sponsored Article
Can you afford to live in Stockholm? (Hint: yes)
Culture
BLOG: Eurovision as it happened
National
Why a 116-year-old Swede isn't the world's oldest woman
National
Youth unemployment falls in Sweden
Gallery
People-watching: May 11th
Gallery
People-watching: May 6th-8th
Politics
Why Sweden's Greens are in free fall
National
Can these cartoon Swedes help foreigners blend in?
3,348
jobs available
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
psdmedia.se