Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe
Share:
WASHINGTON (Reuters) - Swedish 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 in a statement 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 includes..