December 6, 2019 / 9:54 PM / 2 months ago

Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe -statement

WASHINGTON, Dec 6 (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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