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Political Economy

Peter Norman criticized for coming late on TeliaSonera scandal

Thursday, 10 January 2013
Mr Minister, where have you been since it became known that TeliaSonera was involved in a scandal of bribery and corruption in Uzbekistan?
These are question being thrown at Swedish Minister for Financial Markets, Peter Norman in a way of criticism from other Swedish politicians and activists for his inaction on Telia when the scandal broke.
He had said nothing until a few days ago that that managers involved in the scandal should reconsider their positions with the company. Two directors of TeliaSonera have been accused of suspicion of bribery in connection with the company's business in Uzbekistan.

Jonas Eriksson, ecologist and deputy chairman of the Parliamentary Economy Committee, thinks that Norman should have done something much earlier.
"I think it's very in late action, these suspicions have been around a long time. It is surprising that Peter Norman claims that he is not aware of these details until very late," adding that "when TeliaSonera purchase was contested in the early summer, he should have taken the initiative in establish close contact with Telia's management and look into what happened and the information he should have received as soon as it appeared."

Recently, the storm around TeliaSonera in recent days had intensified as after the financial minister's statement on Tuesday call for the managers involved to take time out, there was immediate response from company chairman, Anders Narvinger, whom in a press release wrote that the suspected heads would take no time out but will keep on working while the investigation is going on.

Narvinger also said that the company had known about the issue since 12 September last year that a top manager of the company was suspected of bribery.

Financial Market Minister writes in an email to Radio Sweden that he learned only shortly before Christmas that such a high-ranking manager at TeliaSonera was suspected of bribery. But it is argued that Norman would have received information on it this recently is not true.
In the means time, there are reports of dispute within TeliaSonera's major shareholders which has to do with the sensitive issues surrounding the way the criminal investigation should be managed.

The Minister for Financial Markets Peter Norman, representing the largest shareholder government, demanded on Tuesday that TeliaSonera's board would ensure that the suspect managers take time out. But Peter Norman's call is having no support from other owners on the issue. The gulf is deep against the second-largest owner, the Finnish State.
By Scancomark.com Team

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