United States: Ericsson Accused of Breaching Bribery Settlement With Justice Department

U.S. prosecutors have determined that Ericsson AB has violated the terms of a $1.06bn settlement agreement reached in 2019 over allegations of bribery in five countries, the Swedish telecom company said Friday.

The Stockholm-based company received correspondence from the U.S. Justice Department stating that the company had breached the agreement by failing to provide certain documents and information related to the settlement.

Ericsson said it would continue to cooperate with the Justice Department and would have the opportunity to respond to the department’s letter. A department spokesman declined to comment.

The company in 2019 entered into a deal with the Justice Department to resolve allegations of bribery that stretched between 2000 and 2016 that the agency said occurred in Djibouti, China, Vietnam, Kuwait and Indonesia.

This article was originally posted on wsj.com

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