By Capital FM
US officials say Swedish telecoms firm Ericsson engaged in a campaign of bribery in five countries for 17 years © AFP/File / Jonathan NACKSTRANDWASHINGTON Dec 7 – Swedish telecoms firm Ericsson has agreed to pay more than $1 billion to resolve allegations of bribery spanning Asia and the Middle East, the US Justice Department announced Friday.
An Egyptian subsidiary also pleaded guilty in a federal court in New York to a charge of conspiring to violate the 1977 Foreign Corrupt Practices Act.
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