Friday, April 29, 2016

- This is a difficult day for Telenor – Dagbladet.no

Today it became clear that the two Telenor peaks Richard Olav Aa and Pål Wien Espen goes from the company as a result of information that appears Deloitte report on Vimpelcom scandal, as presented today.

In addition, it goes forward Telenor itself has warned Norwegian authorities about two new cases.

Deloitte report is presented by Deloitte and Telenor’s chairman and CEO at. 11.00 today at a press conference at Telenor Expo, Fornebu.



– Difficult day

– This is a difficult day for Telenor, says Chairman of Telenor Gunn Wærsted just after she takes the podium.

– Vimpelcom has been a complex minority ownership that have put us to the test. The agreements with Takilant has subsequently proved to be corruption, and Vimpelcom has admitted that this is corruption.

– For Telenor it was important to ascertain what our leaders knew about these transactions, says Wærsted .

admitted bribes

in February admitted Vimpelcom bribes to Uzbekistan president’s daughter Gulnara Karimov, and agreed to pay $ 795 million.

Telenor owns 33 percent of Vimpelcom.

According to Telenor have not Deloitte found that Telenor employees have participated in corruption or other offenses, but the report reveals weaknesses within the company.

– the report also highlights weaknesses in organization, communication and leadership on this issue. This is serious. The Board and management recognize that we must improve the way we work. It goes without saying that laws and regulations be followed, but we must stretch ourselves anymore. There should never be any doubt that we in Telenor comply with our ethical guidelines, says Gunn Wærsted, Chairman of Telenor ASA, in a press release.

The former CEO Jon Fredrik Baksaas and former chairman Svein Aaser has had to explain corruption allegations against Minister of industry and faced Standing Committee on Scrutiny and constitutional Affairs.

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