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Five officials in Sweden from telecommunications equipment maker Ericsson are suspected of defrauding several billion kronor, Swedish news agency TT reported Sunday.

The five suspects allegedly created false bills between 1998 and 1999 in order to escape fiscal controls.

If the appeals court judge, who is set to announce a verdict Thursday, pays heed to the prosecutor's accusations, the five could serve time in jail, TT reported.

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Posted: 2008-07-07 11:42:12
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