- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-03-03T19:53:00
Swedish telecommunications company Ericsson agreed to pay nearly $207 million following two breaches of its 2019 deferred prosecution agreement (DPA) with U.S. authorities.
Ericsson breached its DPA by continuing the corrupt practices of “paying bribes, falsifying books and records, and failing to implement reasonable internal accounting controls in multiple countries,” the Department of Justice (DOJ) announced Thursday.
Ericsson was originally investigated by the DOJ for engaging in bribery and other violations of the Foreign Corrupt Practices Act (FCPA) between 2000 and 2016. The agency found high-level personnel were involved in the misconduct, which took place in China, Indonesia, Kuwait, and Vietnam. A similar investigation by the Securities and Exchange Commission (SEC) found corrupt activities by Ericsson in Saudi Arabia.
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