Ericsson will plead guilty to the original charges it faced following its Breach of a deferred prosecution agreement, of 2019.. That year the company paid more than $1 Billion, including a criminal penalty, to resolve investigations into a bribery scheme that ran from 2000 to 2016. It entered into a deferred prosecution agreement requiring it to retain a compliance monitor for three years and to cooperate in related probes.
Ericsson failed to fully disclose factual information and evidence related to schemes in Djibouti and China,. Ericsson also failed to report evidence related to activities in Iraq that might constitute a violation of the Foreign Corrupt Practices Act, the department said.
Jeffrey Newman is a whistleblower lawyer who can be reached at 617-823-3217 or at Jeff@JeffNewmanLaw.com
