News / 

TeliaSonera sacks 4 executives after ethics probe

Posted - Nov. 29, 2013 at 4:12 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

STOCKHOLM (AP) - TeliaSonera says it has fired its chief financial officer and three other executives for their role in questionable deals in Central Asia.

The Nordic telecommunications company says the decision is based on the findings by an independent audit into the deals, which this year came under fire for allegations of bribery and money laundering, particularly in Uzbekistan.

TeliaSonera said in a statement Friday that the board had lost trust in the four employees and that the review into the company's transactions and agreements will continue.

In February, TeliaSonera's CEO resigned after an audit found the company had failed to conduct a proper background check on a partner Uzbek firm believed to be connected with the family of Islam Karimov, the Central Asian country's autocratic ruler.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast