Telling Telenor – Dagbladet.no

Telenor management only ne only dream of that inquiry report from Deloitte provided a credible clarification on Vimpelcom scandal. Instead we are left with more unanswered questions and loose ends, which, among others, the Parliamentary Control Committee and Minister of Industry Monica Mæland must try to unravel.

Yet another sad milestone in Vimpelcom case started surprising that two suspended CEOs , respectively CFO Richard Olav Aa Counsel Pål Wien Espen, resigned. Both claimed it had with Vimpelcom case to make, but a lack of confidence CEO Sigve Brekke. Meanwhile claimed Espen that he had alerted then-CEO Jon Fredrik Baksaas earlier on corruption suspicions in Vimpelcom. There was also disagreement the two presidents themselves about what had been alerted when.

It is strange that there can be no doubt when Baksaas was notified of an extensive and extremely damaging corruption scandal in the company where he was a board member . Doubt this is not about a short period, but about a difference in time in several years. Telenor operates with less accidental and little verifiable procedures as a medium hot dog stand in this area is hard to believe. Deloitte writes then also that it had been appropriate to inform Baksaas at an earlier date.

Obviously it’s been a cool hot for itself within Telenor after the revelations. Loyalty tape has been put to the test and some have ruptured. The stories will arrive sooner or later. Equally obviously neither Deloitte come to the bottom of it, but nevertheless agree that Telenor peaks have not been directly involved in corruption.

So we have to do with a serious crime, which has taken place right under the noses of some of the country’s brightest business leaders, but none has helped or known about or ant anything, we will believe. It is understandable if Monica Mæland patience starting to become more than a little thin after being served such unnamanøvere longer.

Telenor receive harsh criticism for the way ownership in Vimpelcom was organized. Deloitte believes Jon Fredrik Baksaas’ strict requirement that confidential information should not be shared, led to insufficient reporting. Responsibility for that it happened lies with Baksaas, the conclusion.