Ericsson has agreed to pay $206.7 million in a foreign bribery settlement with the Justice Department, which found the telecommunications company had breached an earlier deal
AB has agreed to pay $206.7 million in a foreign bribery settlement with the U.S. Justice Department, which found the telecommunications company had breached an earlier deal.of a 2019 deferred prosecution agreement, the Justice Department said Thursday.more than $1 billion, including a criminal penalty, to resolve U.S. agencies’ investigations into a bribery scheme that ran from 2000 to 2016 and involved the company’s operations in Djibouti, China, Vietnam, Kuwait and Indonesia.
“Ericsson engaged in significant FCPA violations and made an agreement with the Department of Justice to clean up its act,” said Damian Williams, U.S. attorney for the Southern District of New York. “The company’s breach of its obligations under the DPA indicate that Ericsson did not learn its lesson, and it is now facing a steep price for its continued missteps.”
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