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

Ericsson Warns of Possible Fine Over Payments to ISIS in Iraq

Ericsson ISIS United States DOJ Iraq Borje Ekholm Department of Justice Russia Sweden
Ericsson headquarters in Stockholm. (Fredrik Sandberg/TT News Agency/AFP/Getty Images)

Sweden's Ericsson, under fire for its handling of a bribery investigation in Iraq, warned on Thursday of a potential fine by US regulators and reported a fall in first-quarter core earnings over its suspension of business in Russia.

Last week, investors publicly rebuked Chief Executive Borje Ekholm and the board over the handling of the scandal that could expose the firm to yet another fine by the US Department of Justice (DOJ).

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