) has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.
The company admitted it had conspired with others to violate the Foreign Corrupt Practices Act from at least 2000 to 2016 by engaging in a scheme to pay bribes and to falsify books and records and by failing to implement reasonable internal accounting controls, the Justice Department said in a statement.
Pleading guilty can bring additional severe sanctions, including the revoking of licenses, but the company can negotiate waivers to ensure they can continue to operate. It has said previously it was cooperating with U.S. authorities and that it would make a $1.2 billion provision in relation to the probes.
Funny, why wasn't Trump all up in this business with his 'concerns' about corruption? lol
Cause this is corrupt and illegal and stupid.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probeSwedish mobile telecoms company Ericsson has agreed to pay over $1 billion to re... Wind Hellas takes a further step towards convergence via YouTube “Certain employees in some markets, some of whom were executives in those markets, acted in bad faith and knowingly failed to implement sufficient controls,” Ericsson CEO Borje Ekholm said in a conference call on Saturday.
Source: Reuters - 🏆 2. / 97 Read more »
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probesSwedish mobile telecoms company Ericsson has agreed to pay over $1 billion to re... What’s the point? These corporations see corruption as a smart business decision. They make more than they end up paying in fines and continue to operate with minimal sanctions. And the same ericsson company expects to benefit from US Govt subsidies thru the US Int'l Development Finance Corp. opicgov for 5G telecommunications network infrastructure assistance to developing economies. Is this why they are 'cleaning-up' their relationship with the US?
Source: Reuters - 🏆 2. / 97 Read more »
Planned Parenthood targets GOP senators over abortion 'gag rule' in $1 million ad buyPlanned Parenthood is launching an ad campaign costing more than $1 million to pressure three vulnerable Republican senators for condoning the Trump administration's rule limiting abortion referrals. If they have 1 million to spend on campaign ads then I guess they don’t need the subsidies we give them. Isn’t Planned Parenthood funded by government money obtained from Tax paying Americans? Isn’t PP money supposed to help young women with their birth and children & not political reason? IS MY/OUR MONEY BEING WELL MANAGED & FOR PROPER CAUSES? 🤔 Wait...my tax $ are being used in a commercial?
Source: CNN - 🏆 4. / 95 Read more »
3M exploring $1 billion sale of drug delivery systems unit: BloombergIndustrial conglomerate 3M Co is exploring a sale of its drug delivery systems u...
Source: Reuters - 🏆 2. / 97 Read more »
Uber's sex assault scandal is set to wipe $1 billion from the stockUber released an 84-page report on Thursday disclosing data on its sexual assault cases, car crashes, and murders that took place during rides. the stock is already just 28 a share. how much lower can it get.... WOMEN ENTREPRENEURS & VC: WE NEED WOMEN-RUN ALTERNATIVES TO lyft & uber. WomenRunAlternativesToUber
Source: BusinessInsider - 🏆 729. / 51 Read more »
Aladdin Earned Over $1 Billion, And Star Mena Massoud Still Can't Get AuditionsICYMI: Although he was Aladdin, Mena Massoud said he hasn’t had a single audition since the release of the Disney blockbuster
Source: MTVNEWS - 🏆 479. / 51 Read more »