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Word: systembolaget (lookup in dictionary) (lookup stats)
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...executives resigned from Norway's state oil company Statoil for their alleged part in arranging a $15 million "consulting contract" that police fear was used to bribe Iranian officials. Since early last year, Sweden's economic police have been investigating reports that some of the 421 store managers at Systembolaget, the country's state-owned liquor store monopoly, received bribes from liquor wholesalers to promote certain products. Now the threat of disgrace has descended upon insurance-giant Skandia. Three of the firm's departed executives - former CEO Lars-Eric Petersson, former chief financial officer Ulf Sp?ng and the former chief...

Author: /time Magazine | Title: Scandal Heads North | 2/22/2004 | See Source »

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