Saturday, 24 June 2017

Telenor execs resign as 'weaknesses' in Vimpelcom case come to light

By Mary Lennighan, Total Telecom
Friday 29 April 16

Norwegian operator shares details of Deloitte report into its handling of Vimpelcom case; discloses possible ethics violations in other markets.

Telenor on Friday announced that two top executives have resigned their positions on receipt of Deloitte's final report into its handling of the Vimpelcom corruption case. The Norwegian incumbent was quick to point out that the report does not show any evidence that Telenor employees were involved in "corrupt actions or any other legal offences," but admitted it does uncover "internal weaknesses" at the company. As a result, chief financial officer Richard Olav Aa and general counsel P&aring…

Telenor on Friday announced that two top executives have resigned their positions on receipt of Deloitte's final report into its handling of the Vimpelcom corruption case. The Norwegian incumbent was quick to point out that the report does not show any evidence that Telenor employees were involved in "corrupt actions or any other legal offences," but admitted it does uncover "internal weaknesses" at the company. As a result, chief financial officer Richard Olav Aa and general counsel P&aring…

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