FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song
WASHINGTON (Reuters) – Mobile telecoms gear maker Ericsson has agreed to pay over $1 billion to resolve a foreign corruption probe, the U.S. Department of Justice said in a statement on Friday.
Ericsson has entered into a deferred prosecution agreement related to a scheme to make and improperly record tens of millions of dollars in improper payments, the statement said.
Reporting by Chris Prentice in Washington; Editing by Chris Reese
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