(Capital): In mid-April revealed Kapital that Telenor suspected corruption in the Thai subsidiary, DTAC, and that it had initiated internal investigation.
The magazine wrote that Telenor had started to examine a number of matters relating to the practice around gifts and donations DTAC and that suspicions related to various sponsorship activities and donations to public authorities.
– These are things that have come up throughout including internal audit, so I’m familiar with, said chairman Svein Aaser da .
DTAC is Thailand’s second largest mobile operator, and Telenor is the largest shareholder with an indirect stake of just over 65 percent. Company turnover in Q1 2015 more than 5.4 billion and an operating profit of NOK 772 million.
Pikant for Asia-manager
In a major report in this week’s edition reveals the magazine now also that greater amounts have gone from treasury in the telecommunications group to various activities organized by the family of Telenor’s Asia chief Sigve Brekke.
Capital is also aware that the Group Executive Management and the Chairman shall be informed that there may have been been doing shop-in-shop in DTAC, that there may have been paid illegal kickbacks (kickbacks), and purchased equipment to mobile operator may have been priced too high.
The fact that corruption forged mind in DTAC ties to various sponsorship activities relating to employees, makes the case for extra spicy Asia CEO Brekke. He is in fact responsible for ensuring that it has been paid an undisclosed millions to various activities that his sons have been heavily engaged in the magazine.
Capital sits among other documents showing that DTAC sponsored swim club to Brekkes sons – ISB Panther Swim Club in Bangkok – with the club itself describes as a “generous” contribution.
The capital also know that DTAC has sponsored Brekke sons charitable project with an undisclosed millions. After Kapital calculations amounting support of DTAC to sons charitable project to at least 1.4 million, but it could also be a case of bigger sums.
Telenor transparency
Capital asking specific questions to both Telenor’s Asia chief Sigve Brekke and senior management in Norway to get to the bottom of the amounts in question, but no one wanted to answer the question. That despite the fact that the company in its principles and rules of good corporate governance writes that: – We believe that good corporate governance involves openness.
Telenor’s Asia chief keeps cards close to chest and has not returned any of Kapital many issues in the case.
Neither Telenor’s chairman Svein Aaser, or management of the company wanted to provide some concrete answers to Kapital questions about this.
Instead of answering the questions, Telenor’s communications manager, Glenn Mandelid, on behalf of Telenor sent what appears as an advertising text for how well their purpose is. Here it is claimed also that Brekke family itself has had no personal gain for their work. Communication chief alleges further that there is full transparency in DTAC’s partnership with Operation Smile …
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