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15 December 2003

Taking bribes

Oh dear, oh dear. So much for clean image of Nordic businessmen. Once they were considered to have impeccable ethics, but recent scandals, which also involve Sweden’s alcohol monopoly retailer, Systembolaget, tell a different story: one of greed and corruption, to be precise. The pressure on the CEO Anitra Steen and the board of Systembolaget to crack down on corporate sleaze has grown more intense. According to reports in Sweden, Systembolaget, which operates 420 stores around the country serving about 2 million customers every week, has sacked 40 retail branch managers for taking cash from drinks companies in return for stocking their products. One report even alleged that up to one in five managers may be involved in the escalating scandal..

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