TeliaSonera head Lars Nyberg said that the accusations were severe, but that he welcomed an investigation of the company.
“It’s extremely serious when Sveriges Television accuses the country’s biggest company of bribery and corruption,” he told Sveriges Radio (SR) on Thursday.
When asked how he would react if the information about the money laundering proved to be true, Nyberg responded: “I’d resign, I suppose”.
Nyberg’s comments came on the heels of claims made by Sveriges Television (SVT) investigative news programme “Uppdrag Gränskning” about how TeliaSonera secured contracts in Uzbekistan.
The company was awarded contracts worth billions of kronor to provide mobile telephone services in Uzbekistan.
However, the funds paid by the company in exchange for the contracts were funneled through a woman with close ties to the daughter of Uzbek President Islam Karimov, according to SVT.
The woman, named as Gayane Avakyan, is tied to the Gibraltar-based company Takilant, which served as TeliaSonera’s local partner when the Nordic telecom firm established operations in Uzbekistan six years ago.
Takilant received around 2.2 billion kronor ($337 million) for 3G licenses, according to SVT.
But in the public records of Takilant’s accounting, there is no trace of TeliaSonera’s payments in either money or stock.
SVT pointed to strong connections between Avakyan and Gulnara Karimova, the eldest daughter of Uzbek President Islam Karimov.
Meanwhile, Switzerland has blocked bank accounts containing several hundreds of millions of dollars in the probe, money which is believed to belong to Karimov’s regime.
According to TeliaSonera, paying out large amounts of money to a small, private company in a tax haven was completely normal when conducting business in Uzbekistan.
“We’ve paid money to a company that was the rightful owner of frequencies and licenses in Uzbekistan that we needed for telecom operations in the country,” said head of communications Cecilia Edström to SVT.
“We have looked into whether the person who represented the company had a mandate to do so and in addition we have not been able to prove if there were any other people behind it or who they were.”
She could not give a direct answer as to whether TeliaSonera had bribed Gulnara Karimova and the Uzbek regime. But Tom von Weymarn, former chairman of the company, answered “absolutely not.”
“TeliaSonera did not make a transaction with Karimova or the regime, but with a company,” said Edström.
“The company was properly registered, Dutch lawyers made an investigation into the risk for money laundering and Avakyan had a mandate to represent the company.”
Edström concedes that there was a risk that other people were behind the company that could have gotten a portion of the money.
“But it was nothing we could prove when we did this transaction,” she said
TeliaSonera denies that the company was the subject of a Swiss money laundering investigation.
“We’ve not been contacted at all by police or any other authorities concerning a Swiss crime investigation,” Edström said.
TeliaSonera also claimed Wednesday that the figure paid by the company was 200 million kronor and not two billion.
In a press conference on Thursday, CEO Nyberg characterized the payments as “an investment” rather than a bribe.
“I am convinced that TeliaSonera has not bribed anyone, or taken part in any money laundering,” he said.
Nyberg added that the company would nevertheless launch an external investigation into its dealings in Uzbekistan.