Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Ericsson’s Commission Payments Plan Investigated by SEC in U.S.

The U.S. Securities and Exchange Commission has started an investigation into Ericsson AB’s payment system used to win contracts in the 1990s, including orders in Romania.

Ericsson got a request for information in March after media reports on its system for paying trade agents in Romania in the late 1990s and early 2000s, Fredrik Hallstan, a spokesman for Ericsson, said today. The request related to three former employees who are suspected to have embezzled almost 150 million kronor ($23 million) while they had access to cash meant for paying contacts with access to local telecommunications carriers, he said. Ericsson no longer uses such third-party agents.

Ericsson is cooperating with the U.S. and is providing the information requested, Hallstan said in a phone interview.

“This isn’t about corruption, it’s about these three guys,” who are alleged to have embezzled money from Stockholm-based Ericsson, Hallstan said, without identifying the people.

Ericsson shares slipped 1.3 percent to 78.35 kronor at 11:29 a.m. in Stockholm, declining for the fourth day. That pared the advance to 20 percent this year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.