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Wednesday, April 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Securities Fraud

Sweden-based Ericsson (Telefonaktiebolaget LM Ericsson) and its subsidiaries made $427 million from paying $62 million in bribes to government officials in Saudi Arabia, China and Djibouti, the SEC claims in federal court.

MANHATTAN — Sweden-based Ericsson (Telefonaktiebolaget LM Ericsson) and its subsidiaries made $427 million from paying $62 million in bribes to government officials in Saudi Arabia, China and Djibouti, the SEC claims in a federal complaint.

Categories / Business, Securities, Technology

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