Telefirmaet Ericsson pay milliardbøde for corruption

Swedish telecommunications operator has, according to the american ministry bribed officials. Ericsson pay huge fine. The Swedish company Ericsson agrees to p

Telefirmaet Ericsson pay milliardbøde for corruption

Swedish telecommunications operator has, according to the american ministry bribed officials. Ericsson pay huge fine.

The Swedish company Ericsson agrees to pay a fine of one billion u.s. dollars - equivalent to approximately 6.7 billion Danish kroner - after a series of accusations of corruption, including bribery of officials.

This was stated by the us department of justice on Friday.

Often, according to the ministry committed over a number of years among China, Vietnam and Djibouti.

The Swedish company has admitted that it has worked with others to break a federal law governing, among other things, the transparency in the accounts, and the bribery of foreign public officials.

for Example, paid Ericsson from at least 2000-2016 bribery, falsified books and records and did not establish a sufficient internal control of the accounts. It informs the ministry of justice, in a statement.

At Ericsson recognises the ceo, Börje Ekholm, that things are not the process properly.

the Settlement agreement shows that we have not always fulfilled our standards, when it comes to doing business the right way, he says in a statement.

It is according to the american authorities not Ericsson itself, which has paid bribes to public officials. It is done through third parties.

Televirksomheden have as a result of the case reviewed his antikorruptionsprogram and taken the necessary steps to improve ethics and to ensure that the rules are adhered to.

According to the Norwegian news agency NTB is around 50 people have been fired as a result of the case. It also writes, that the authorities began to investigate Ericsson already in 2013.

In 2016, brought the Swedish Radio news that televirksomheden in 1999 paid among the other 2.5 million dollars to Costa Rica's then-president, Miguel Angel Rodriguez, to land a big contract in the country.

It was expected that Ericsson would have to pay a fine. In the latest quarterly results, which Ericsson presented in september, it was, according to the NTB, that the company had put 12.7 billion dollars in connection with the completion of the case.

/ritzau/Reuters

Updated Date: 07 December 2019, 02:00

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