Wednesday, September 8, 2021

Former Ericsson Employee Charged for Role in Foreign Bribery Scheme

A federal indictment was unsealed today in the Southern District of New York charging a former employee of the Swedish multinational telecommunications company Telefonaktiebolaget LM Ericsson (“Ericsson” or “the Company”) for his alleged role in a scheme to pay approximately $2.1 million in bribes to high-level government officials in the Republic of Djibouti and conspiring to launder funds to promote the scheme. The defendant remains at large.

from Justice News https://ift.tt/3hcICGA
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