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technology.inquirer.net Sweden’s Ericsson to pay $1B over bribery allegations

WASHINGTON, USA -- Swedish telecoms firm Ericsson has agreed to pay more than $1 billion to resolve allegations of bribery spanning Asia and the Middle East, the US Justice Department announced Friday.

An Egyptian subsidiary also pleaded guilty in a federal court in New York to a charge of conspiring to violate the 1977 Foreign Corrupt Practices Act.

"Ericsson's corrupt conduct involved high-level…
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