ERICSSON FACING CORRUPTION PROBES IN US AND GREECE
June 1st, 2016
Swedish hi-tech company Ericsson is under investigation for corruption on both sides of the Atlantic, but not for the same cases. US investigators (thought to be from the department of justice and the Securities & Exchange Commission - SEC) are looking at Ericsson practices in China in line with the Foreign Corrupt Practices Act (FCPA). Meanwhile, Greek prosecutors are probing Ericsson Microwave Systems’ 1999 contract to sell an airborne radar system to Greece as part of a wider arms deal investigation.
Ericsson said in a June 19 statement that it sold ...
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