Sweden's Ericsson on hook for US$206m fine after breaching US DPA terms

Swedish telecommunications major Ericsson has agreed to plead guilty to past accusations of paying bribes and falsifying books and records,after accepting it had breached a US deferred prosecution agreement (DPA). It will now have to pay an additionalcriminal penalty exceeding US$206 million.

By Sarah Gibbons

Swedish telecommunications major Ericsson has agreed to plead guilty to past accusations of paying bribes and falsifying books and records,after accepting it had breached a US deferred prosecution agreement (DPA). It will now have to pay an additionalcriminal penalty exceeding US$206 million.