Ericsson pays $1bn to settle corruption investigation

Ericsson has paid $1 billion to settle US Department of Justice corruption investigations.  “Through slush funds, bribes, gifts, and graft, Ericsson conducted telecom business with the guiding principle that ‘money talks,’” said US Attorney Geoffrey Berman. “Certain employees in some markets, some of whom were executives in those markets, acted in bad faith and knowingly ...

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