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Ericsson responds to FCPA probe

Jaclyn Jaeger | June 17, 2016

Ericsson, a Swedish multinational communication technology and services company, today issued a statement confirming that it’s being investigated for potential violations of the Foreign Corrupt Practices Act.

In March 2013, Ericsson received a voluntary request from U.S. authorities to answer a number of questions relating to Ericsson’s operations. The company said it has cooperated with authorities to answer these and additional questions.

“While we strive to at all times conduct our business in compliance with applicable laws, matters do arise from time to time as a result of the global nature of our business,” the company stated. “We will not provide any detailed comments on the request.”

The company confirmed, however, that the investigation relates to Ericsson’s anti-corruption program and questions related to the FCPA.

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