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[size=36]America fined Ericsson to settle a corruption case in Iraq[/size]
political| 11:44 - 03/03/2023
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Baghdad - Mawazine News,
the Swedish telecom giant Ericsson announced that it will pay a fine of $206.7 million to the US court to settle a corruption case in Iraq.
The United States accuses the Swedish company Ericsson of paying sums of money to ISIS in Iraq.
The group said in a statement issued on Thursday night, Friday (March 3, 2023), that "Ericsson will pay a fine of $ 206,728,848," explaining that this settlement is the continuation of an agreement reached in December 2019.
In mid-February 2022, the television program Uppdrag Granskning of the Swedish TV SVT revealed that the company was involved in concluding agreements and making contacts with the terrorist organization ISIS in 2014 to continue installing mobile phone antennas in Iraq, which prompted the US authorities to investigate the incident, to discover Ericsson's breach.
Bori Ekholm, CEO of Ericsson, said in a press release: “We have learned this lesson and we are at an important point in changing our culture . To be true leaders in the industry, we must be leaders in the market and technology and at the same time leaders in how we conduct our business as well.”
Under the agreement, the Swedish company paid one billion dollars to the US judiciary to stop prosecutions against it in corruption cases in five other countries, namely Djibouti, China, Vietnam, Indonesia and Kuwait. Ended 29 / h.
the Swedish telecom giant Ericsson announced that it will pay a fine of $206.7 million to the US court to settle a corruption case in Iraq.
The United States accuses the Swedish company Ericsson of paying sums of money to ISIS in Iraq.
The group said in a statement issued on Thursday night, Friday (March 3, 2023), that "Ericsson will pay a fine of $ 206,728,848," explaining that this settlement is the continuation of an agreement reached in December 2019.
In mid-February 2022, the television program Uppdrag Granskning of the Swedish TV SVT revealed that the company was involved in concluding agreements and making contacts with the terrorist organization ISIS in 2014 to continue installing mobile phone antennas in Iraq, which prompted the US authorities to investigate the incident, to discover Ericsson's breach.
Bori Ekholm, CEO of Ericsson, said in a press release: “We have learned this lesson and we are at an important point in changing our culture . To be true leaders in the industry, we must be leaders in the market and technology and at the same time leaders in how we conduct our business as well.”
Under the agreement, the Swedish company paid one billion dollars to the US judiciary to stop prosecutions against it in corruption cases in five other countries, namely Djibouti, China, Vietnam, Indonesia and Kuwait. Ended 29 / h.
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