Monday, February 15, 2010

IKEA Fires Executives for Bribes

International home products retailer IKEA dismissed two senior Russia executives on suspicion that they allowed a contractor to pay bribes for connecting a store in St. Petersburg to electric power lines. “We will suspend our expansion in Russia until the unpredictable bureaucratic system shows clear signs of improvement,” vowed IKEA’s CEO Anders Dahlvig in 2009.

http://www.kommersant.ru/doc.aspx?DocsID=1322849

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