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Ericsson pays $206 million fine for violating bribery agreement with U.S.

  • Swedish multinational tech giant Ericsson pled guilty to bribery and agreed to pay the Department of Justice $206 million dollars.
  • Ericsson was accused of engaging in a long-running international corruption scheme.
  • This scheme involved bribing government officials, falsifying records, and failing to comply with the Foreign Corrupt Practices Act.
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