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Corruption under the magnifying glass

Greed and little risk of being discovered are the main reasons people get involved in corruption. Norway needs a better system for reporting corruption, says organizer of this year's Anti-Corruption Conference.

In November, the newspaper Klassekampen revealed that the partially Telenor-owned telecommunications company Vimpelcom had committed bribes by transferring more than 600 million to a radiation company for Uzbekistan's president, Gulnara Karimova, as payment for telecommunications licenses in the country. Telenor controls 43 percent of the company, and Telenor's CEO Jon Fredrik Baksaas sat on Vimpelcom's board from 2010 to December 2014.

On Monday, it became clear that the American authorities can bring charges in the Vimpelcom case already on 20 August – three days after the current Telenor CEO Jon Fredrik Baksaas resigns as head of the company. Because Vimpelcom is listed in the US, the company is subject to US anti-corruption rules. Violations of this law can thus be decided in a US court. Guro Slettemark, Secretary General of Transparency International Norway, believes the case will have consequences for Telenor – also beyond. . .

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Carima Tirillsdottir Heinesen
Former journalist for MODERN TIMES.

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