Ericsson pleads guilty in U.S. to federal bribery violations, agrees to pay $206 million penalty
Publishing timestamp: 2023-03-02 20:05:32
Summary
Ericsson, a Swedish telecommunications company, has agreed to pay a $206 million penalty and plead guilty to violating anti-bribery provisions of the Foreign Corrupt Practices Act. This follows a 2019 settlement in which the company paid $520.6 million for a "yearslong campaign of corruption" involving bribery of government officials and falsification of books and records in multiple countries. Ericsson also allegedly failed to disclose evidence of a similar scheme in Iraq.
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Keywords: djibouti, lm ericsson telefon, united states, iraq, business news, china, new york, technology, corruption, telefonaktiebolaget lm ericsson, breaking news, crime,