WASHINGTON, USA -- Swedish telecoms firm Ericsson has agreed to pay more than $1 billion to resolve allegations of bribery spanning Asia and the Middle East, the US Justice Department announced Friday. An Egyptian subsidiary also pleaded guilty in a federal court in New York to a charge of conspiring to violate the 1977 Foreign Corrupt Practices Act. "Ericsson's corrupt conduct involved high-level executives and spanned 17 years and at least five countries, all in a misguided effort to increase profits," Brian Benczkowski, head of the Justice Department's criminal division, said in a statement. US law grants jurisdiction over corruption by companies whose shares are sold on ...
Keep on reading: Sweden’s Ericsson to pay $1B over bribery allegations
from INQUIRER.net https://ift.tt/2LuTv6Y
add
Subscribe to:
Post Comments (Atom)
Motorcyclist dead in Lucena collision
LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....
-
MANILA, Philippines---Malacaang on Friday denied that the Duterte administration is behind the filing of the sedition charges against Vice P...
-
MANILA, Philippines --- Three members of a family and their driver were killed while nine others were injured in a multiple vehicle co...
-
LEGAZPI CITY --- A British national drowned on Thursday afternoon in a beach resort in Oas town in Albay province, a police report said Frid...
No comments:
Post a Comment