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Court documents filed as part of the Swedish company's $206 million plea agreement reveal how Ericsson lawyers and employees withheld information from U.S. prosecutors, including details about its operations in ISIS-held areas of Iraq.
U.S. prosecutors say Ericsson didn’t fully disclose evidence of possible serious misconduct in Iraq until the telecom firm learned that ICIJ and its partners were about to publish an investigation.
Over the last 12 months, the newsroom behind the world’s biggest journalism collaborations put out more deep-dive global exposés than ever before.
The company twice violated a $1 billion deferred prosecution deal with the Justice Department that allowed it to avoid criminal charges for an international bribery scheme.
The Swedish telecom company has been sued by investors and investigated by authorities since the Ericsson List investigation.
A new lawsuit alleges the company routed funds through partners to terrorists while Americans were risking their lives in Iraq, Afghanistan and Syria.
The Swedish company is now under investigation by the SEC, as well as the Justice Department, on matters described in a 2019 internal Iraq bribery report that was leaked to ICIJ.
The telecom giant is now facing legal scrutiny in multiple countries as a result of the Ericsson List.
The telecom giant said it couldn’t estimate just how big a penalty the Justice Department might levy following the company’s breach of a 2019 agreement.
The telecom giant’s board and CEO are left exposed by an extraordinary vote that could allow them to be held liable for misconduct.
Börje Ekholm faces a critical shareholder vote after ISIS revelations sent the company’s stock tumbling.
Chief Executive Börje Ekholm and other top Ericsson officials were grilled in a remarkable call by shareholders expressing frustration at the company’s failure to fully disclose its problems in Iraq.
The move comes weeks after the Ericsson List revealed the telecom giant’s dealings with ISIS and misconduct in Iraq.
The telecom giant weighs the prospect of civil suits and criminal penalties after revelations of misconduct in Iraq.
Days after ICIJ publishes the Ericsson List investigation, prosecutors said the Swedish telecom giant failed to sufficiently disclose possible misconduct in Iraq before signing a billion-dollar settlement with the U.S. Justice Department.
The telecom giant’s stock takes a hit after a new ICIJ investigation uncovered a years-long campaign of bribery and corrupt business practices in Iraq.