Ericsson informed the U.S. Department of Justice (DoJ) about an internal investigation into payments in Iraq when it signed a Deferred Prosecution Agreement (DPA) in 2019 to settle separate corruption probes, sources familiar with the matter said.
The Swedish company's shares fell 14% on Wednesday over concerns that it might be subject to another fine by the DoJ following the disclosure of its Iraq investigation that found evidence of misconduct.
