Swedish telecom equipment manufacturer Ericsson is facing a multimillion-rand lawsuit in SA over its business dealings in Angola in a case that might attract the attention of US authorities who have been on the group’s case.

Moroccan national Mehdi Bencherki has accused the company of doing an off-the-books deal with him to recoup $200m of the its money, held by the Banco Nacional de Angola (BNA), and win clients in that country on behalf of Ericsson. US authorities fined the company billions of rand for similar conduct in other jurisdictions...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.