Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Sweden’s Telecoms Giant, Ericsson has agreed to pay more than $1b to resolve allegations of bribery.
This was disclosed by the U.S. department of Justice.
It said the company admitted to years of long campaign of corruption in five countries to strengthen its grip on telecommunications business.
Ericsson also entered a deferred prosecution agreement in connection with criminal charges filed in a New York court.
The settlement is one of the highest ever under the Foreign Corrupt Practices Act.
It involves a $520m criminal penalty to the justice department and a payment of $540m to the Securities and Exchange Commission .
The US justice department named the five countries involved as Djibouti, China, Vietnam, Indonesia and Kuwait.
Related posts:
Facebook to pay $5 billion to U.S. to settle privacy allegations
Apple to pay up to $500m to settle U.S lawsuit over slow iphones
Salisu Yusuf faces NFF probe over bribery allegation
Kano high court stops probe into alleged bribery video
Again, Court stops Ganduje’s bribery video probe
Oil revenues: Supreme Court orders Bayelsa, two others to settle with FG
Chelsea settle dispute, set to start work
Iran, Saudi Arabia ready to resume talks to settle differences
