Ericsson Shares Crash After CEO Says Firm May Have Paid ISIS
- Company hasn’t yet determined final recipient of money
- Shares in the Stockholm-based company fell as much as 14.5%
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Ericsson may have made payments to the ISIS terror organization to gain access to certain transport routes in Iraq, in a shock admission following years of regulatory investigations.
Shares in the Stockholm-based company were down almost 14.5% around lunchtime on Wednesday, its biggest drop in a day since July 2017.