Did Interholco have dealings in Liberia with dubious companies involved in the arms trade?
All our business actions are based on high ethical and legal standards and we expect our suppliers to maintain these standards. In the case of the Liberian company OTC and its manager Gus Kouwenhoven, who has been personally accused of entertaining connections to arm traffickers, we have to concede that our systematic due diligence failed. As soon as the business management of Danzer Group got aware of this business relation was stopped immediately. We have learned from this experience and developed a system, according to which we will act in the future. This system will also contain procedures concerning political and criminal involvement and ensures that something like this will not happen again. Especially in Africa, the prevailing political situation can make it very difficult for a company on its own to judge and evaluate possible criminal involvements among its supplier companies. As long as conclusive evidence and information are unavailable, we abide by the constitutional princ
Related Questions
- What other major companies are involved in the RapidIO Trade Association in addition to Ericcson, Freescale, Alcatel-Lucent, Mercury Computers and Texas Instruments?
- Are there free web-based resources for researching historical stock prices of companies that no longer trade publicly?
- Did Interholco have dealings in Liberia with dubious companies involved in the arms trade?
