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On 6 December 2019, Ericsson entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ). Ericsson admitted that between 2000 and 2016 it had engaged in schemes using third party agreements and consultants to pay bribes in China, Vietnam, Indonesia, Kuwait and Djibouti. The bribes were paid to secure lucrative contracts with state-owned companies.
The Company was fined over USD 1.06 billion in both civil and criminal penalties under the DPA - one of the largest fines paid under a DPA in USA.
In this insightful report, we examine the facts to date that have led to a scandal of international corruption, bribery and misconduct.
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