Ericsson’s corruption occurred between 2000 and 2016 in Djibouti, China, Vietnam, Indonesia and Kuwait. – EPA pic, December 7, 2019.
SWEDISH telecoms firm Ericsson has agreed to pay more than US$1 billion to resolve allegations of bribery spanning Asia and the Middle East, the US Justice Department said yesterday. An Egyptian subsidiary also pleaded guilty in a federal court in New York to a charge of conspiring to violate the 1977 Foreign Corrupt Practices Act.
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Source: News Formal (newsformal.com)
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