IKEA Bribery Firings in Russia
Sweden’s IKEA furniture chain is firing two top executives from its operations in St. Petersburg, Russia. They are suspected of paying bribes.
According to IKEA, the accusations involve the Mega shopping center chain, which is owned by the Swedish company. The two men, one a Swede, the other Swiss, are believed to have made pay-offs in connection with the delivery of electricity.
IKEA’s founder Ingvar Kamprad has previously complained about the difficulty in getting into Russia. In a program during the summer on Swedish Radio he said they had been swindled out of 200 million dollars in connection with electricity and gas supplies.