UPDATE 2-Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe

6 Dec by Vitaliy Dadalyan

UPDATE 2-Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe

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UPDATE 2-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 resolve a probe into corruption, including bribing of government officials, over many years in countries including China, Vietnam, and Djibouti, the U.S. Department of Justice said on Friday. Ericsson has entered into a deferred prosecution agreement related to its scheme to make and improperly record tens of millions of dollars in payments, the Department said. The total charges include a criminal penalty of more than $520 million and another $540 million to be paid to the U.S. Securities and Exchange Commission in a related matter.