Ericsson shares plunge on Iraq corruption admission

Swedish kit vendor Ericsson has been forced to reveal the outcomes of an internal inquiry into the historical conduct of some of its employees in Iraq and investors are running scared.
“Ericsson has continued to receive detailed media inquiries from Swedish and international news outlets,” opened the announcement. “Their interest pertains to information detailed in a 2019 internal investigation by the company, on conduct in Iraq.” The investigation focused on activities b