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by Rocky Sat 14 Jan 2023, 5:03 am
[size=46]A Swedish company allocates $220 million for possible fines in a corruption case in Iraq[/size]
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[/rtl]Economie
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The Swedish telecommunications giant Ericsson, against which the US authorities have opened two investigations, announced that it has allocated about $220 million for potential fines in a corruption case in Iraq.
Ericsson said it "has not reached an agreement with the US Department of Justice regarding these alleged violations and discussions are continuing" to resolve the dispute.
The group said in a statement that the amount will appear in its accounts for the fourth quarter, which will be published at the end of the month.
It seems that the amount allocated for this purpose reassured investors in this case, which reflected negatively on Ericsson several months ago, as the group's shares rose on the Stockholm Stock Exchange by more than 6% to 67.66 kronor.[/size]
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