• Sweden's news in English
 

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.
 
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
Swede wakes up with Justin Bieber on buttock
The Swede says he can't remember how he ended up with Bieber's name on his backside. Photo: stamminen/Instagram

Swede wakes up with Justin Bieber on buttock

1 hour ago

A man in central Sweden has more reason than most to regret a drunken night out - after waking up with Justin Bieber's name on his backside.

Video of Swedish longboarder goes viral
Ishtar Tussilago taking a tight corner in the Norwegian mountains. Photo: Screengrab

Video of Swedish longboarder goes viral

42 minutes ago

Stunning footage of Swedish longboarder Ishtar Bäcklund and fellow riders skating down the Norwegian mountains has gone viral, pulling in over 190,000 views on Vimeo.

Polish football hooligans sentenced in Sweden
The match between IFK Gothenburg and Slask Wroclaw on July 23rd. Photo: Björn Larsson Rosvall/TT

Polish football hooligans sentenced in Sweden

2 hours ago

A Swedish court sentenced five Polish football fans to jail terms of two and three months on Tuesday after violence following a match between IFK Gothenburg and Slask Wroclaw.

'Lonely' billionaire: I was having a bad day
Markus Persson created the hit game Minecraft. Photo: TT

'Lonely' billionaire: I was having a bad day

3 hours ago

A Swedish gaming billionaire who made global headlines after complaining of loneliness, has apologized to people with "real problems".

Swedish party in U-turn on Nato membership
Centre Party leader Annie Lööf. Photo: Maja Suslin/TT

Swedish party in U-turn on Nato membership

6 hours ago

Sweden's opposition is moving towards a unified front on Nato membership after Centre party bosses announced they would advocate joining the defence alliance on Tuesday.

Swedish jogger praised for viral feminist post
Joakim Rosenqvist was inspired to write the post after bumping into a scared woman while out jogging. File photo: Janerik Henriksson/TT

Swedish jogger praised for viral feminist post

6 hours ago

A Swedish man has been praised for his viral Facebook post about female safety after meeting a terrified woman while out jogging.

Heavy rain warning for western parts of Sweden
Stockholmers carrying umbrellas this summer. Photo: Christine Olsson/TT

Heavy rain warning for western parts of Sweden

9 hours ago

Jump into your boots and get the umbrella out. Forecasters issued a heavy rain warning on Tuesday as it looked like autumn was on its way to Sweden – just in time to welcome the start of September.

Opinion
'Sweden should target women extremists more'
The radical Islamist Al-Shabaab group in Somalia. Photo: Mohamed Sheikh Nor/TT

'Sweden should target women extremists more'

9 hours ago

Female extremism is a growing problem in Sweden and the government should do more to prevent it, argue Jessica Katz and Katarina Tracz from the Stockholm Free World Forum.

Julian Assange
Timeline: Julian Assange sex allegations
Julian Assange following a court hearing in 2010. Photo: TT

Timeline: Julian Assange sex allegations

October 28, 2014

Wikileaks founder Julian Assange is fighting extradition to Sweden where he is facing sex assault allegations. The Local looks at the key points in his case so far.

Julian Assange
Sweden edges closer to Assange interrogation
Julian Assange with US pastor Jesse Jackson on the balcony of Ecuador's London embassy. Photo: Yui Mok/PA via AP

Sweden edges closer to Assange interrogation

10 hours ago

Sweden hopes to reach a judicial cooperation deal with Ecuador by the end of the year that would pave the way for prosecutors to question WikiLeaks founder Julian Assange over a rape allegation.

RECEIVE OUR NEWSLETTER AND ALERTS

Gallery
Property of the week: Stuverum, Västervik
National
Swedish ship rescues 5,295 refugees
National
TIMELINE: Everything you need to know about the Julian Assange case
Gallery
People-watching: August 28th-30th
National
'Sweden Democrats will run the country'
Blog updates

28 August

Editor’s blog, August 28th (The Local Sweden) »

"Hello readers, It was all glitz and glamour in Sweden this week as Stockholm Fashion Week got..." READ »

 

18 August

Preteritum eller presens perfekt? (The Swedish Teacher) »

"Hello everyone, It’s grammar time ! I got an interesting question about the past tense vs present..." READ »

 
 
 
National
Swedish bin men hailed as heroes after rescuing doomed kitten
National
This Swedish teen was told she was 'too big' to be a model
Sponsored Article
'It gives you the guts to believe in yourself'
Gallery
People-watching: August 26th
Sponsored Article
Nine places where Stockholm needs more English
National
Rescued baby lemur gets new Stockholm home
National
Stockholm Fashion Week turns island into Mars
Gallery
Property of the week: Stora Essingen, Stockholm
National
Swedish crayfish thieves caught red handed by officers
National
Veil soon to be lifted on new Millennium sequel novel
Gallery
People-watching: August 21st - 22nd
Cecilia Larsson Lantz/imagebank.sweden.se
Presented by Stockholm Academic Forum
International students welcomed to Stockholm
National
The Bridge: What does the third season have in store?
National
Lucky escape for Swedes after 'dead' bear launches attack
National
Syrian asylum seeker comic: 'We don't prefer Sweden any more'
Lifestyle
Baby joy for Swedish crime queen and her wrestler boyfriend
National
Soldier accused of faking first Isis attack in Sweden
National
Fire alert as Sweden sizzles in summer heatwave
Gallery
People-watching: August 19th
National
Meet the Swede who is crazy for Norway’s mass killer
National
Swede's review of night in drunk tank goes viral
National
VIDEO: Swedish teen melts hearts with this incredible Idol audition
Society
What's a Swedish crayfish party?
National
UN: Sweden can't be left to shoulder migrant crisis alone
Gallery
Property of the week: Skogås, Huddinge
National
Men outstrip women for first time
Society
IN PICTURES: Wooden town resembles 'war zone' after huge fire
Gallery
People-watching: August 14th-16th
Sport
Swedish referee shuts viral Facebook page explaining his decisions
Business & Money
A studio in Stockholm or a castle in the countryside?
National
How did twelve skeletons end up beneath a Swedish castle?
Gallery
People-watching: August 12th
National
Millennium sequel author labelled 'grave robber'
National
Two metre long python stops traffic in Malmö
National
IN PICTURES: Shoppers pay tribute to Ikea stabbing victims
Technology
Danish 'monster' pulled out of Swedish waters
National
Bizarre baby baptism for hockey fan
Gallery
Property of the week: Löderup, Ystad
Sponsored Article
Getting pregnant the Swedish way
Sponsored Article
Outsourcing drives Apreel's Europe growth
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

3,200
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