Ericsson says US DOJ advises it violates obligations under DPA

Swedish telecommunications equipment maker Ericsson on Friday said it has received a letter from the US Justice Department saying the company breached its obligations under the Deferred Prosecution Agreement (DPA) by failing to provide certain documents and factual information. Is.

In 2019, Ericsson agreed to pay more than $1 billion to solve corruption investigations, including bribing government officials.

The US Justice Department said bribery took place over the years in countries including China, Vietnam and Djibouti.

Ericsson said Friday that it is too early to predict the outcome of these developments at this stage and that it intends to cooperate with the DOJ.

A DOJ spokesperson did not immediately respond to a request for comment.

In December 2019, the company admitted that it violated the Foreign Corrupt Practices Act (FCPA) from at least 2000 to 2016 by engaging in a bribery scheme and falsifying books and records and failing to enforce proper internal conspired with others to do so. Accounts Control, the Justice Department said.

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