Thread by @ICIJorg

It’s been just a few days since ICIJ and 30 media partners published the #EricssonList investigation — exposing Ericsson’s ISIS dealings and a corruption spree in Iraq — but the telecom giant has seen a whirlwind of repercussions since. bit.ly/3vvuEri

U.S. prosecutors told Ericsson that it ‘breached’ its billion-dollar corruption settlement by failing to disclose misconduct in Iraq.

CEO Börje Ekholm said the #EricssonList was “hugely embarrassing” and defended the firm's steps to improve compliance. bit.ly/3szZ5uJ

The #EricssonList investigation has also had an immediate impact on the telecom giant’s share value.

Its stock price has fallen by more than a third since the company first disclosed it had received media inquiries about its Iraq operations last month. bit.ly/3Cf5Ipn

The #EricssonList is also raising questions about the company’s 5g projects in other countries as it weighs the possibility of civil and criminal penalties.

A Malaysian lawmaker called for a probe of his government’s $2.6 billion contract with Ericsson.
bit.ly/34f1jGt

ICIJ will keep tracking the fallout from the #EricssonList — and we’ll be examining deeper questions about how international corporate corruption is policed.

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