Ericsson will pay the US Ministry of Justice more than $ 1 billion for bribing officials in other countries

Offenses were committed in 2000-2016 and are related to transactions in China, Vietnam, Kuwait, Indonesia and Djibuti. Settlement payments include criminal sanctions in the amount of more than 520 million and $ 540 million, which must be paid commissions on US securities and exchanges.

The Swedish telecommunication company Ericsson will pay more than $ 1 billion of a fine under an agreement with the American authorities to resolve claims in the investigation of corruption facts. We are talking about bribing government officials in a number of countries, TASS reports. "Ericsson has concluded an agreement with the US Department of Justice to resolve accusations related to violations of the Corruption Law," the concern’s press release reported on Friday in Sweden will amount to 1.06 billion US dollars. "

As the head of the concern Berier Ekholm explained on Saturday at a press conference, these offenses were made independently by separate local managers.

“We have absolutely zero tolerance for corruption, and we will take measures against violations of our rules,” he said.

Offenses - the bribery of officials - were committed in 200-2016 and are related to transactions in China, Vietnam, Kuwait, Indonesia and Djibuti. Settlement payments include criminal sanctions in the amount of more than 520 million and $ 540 million, which must be paid commissions on US securities and exchanges.

The commission began the investigation in the Ericsson case in 2013, the American Ministry of Justice - in 2015. The concern recognized violations of the law as opposed to corruption.