The Svea Court of Appeal today upheld the acquittals of all current and former Ericsson (NASDAQ:Eric) employees who faced charges of evasion of tax control, filed by the Swedish National Economic Crimes Bureau.
Henry Sténson, senior vice president and head of Corporate Communications, Ericsson, says: "We are pleased that all the accused have had their acquittals upheld by the Svea Court of Appeal and that we now can leave all this behind. The criminal investigation that led to the indictments and, finally, to the decision to uphold the acquittals, started more than six years ago. However, we have at all times been of the firm belief that all the accused were innocent of the alleged evasions of tax control, and that belief has now been confirmed."
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Ericsson's comments on the prosecution regarding evasion of tax control:
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Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 195 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm and NASDAQ.
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