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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Ericsson to Pay $206 Mln over Corruption Case in Iraq

Ericsson Justice Department Iraq United States Corruption ISIS DPA China Djibouti Sweden
Ericsson company's head office in Stockholm, Sweden - Reuters

Sweden's Ericsson (ERICb.ST) agreed to pay a $206 million fine and plead guilty after violating a 2019 deal with US prosecutors that required the telecoms firm to properly disclose information on its activities in Iraq, China and Djibouti.

The plea agreement with the US Justice Department follows a scandal over possible payments made to ISIS militant group through its activities in Iraq.

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