03.06.2024 08:54:09 - dpa-AFX: Ericsson Reports Conclusion Of Monitorship And Plea Agreement
STOCKHOLM (dpa-AFX) - Ericsson (ERIC) announced the conclusion of the work
and term of the independent compliance Monitor appointed by the U.S Department
of Justice in connection with Ericsson's 2019 Deferred Prosecution Agreement to
resolve historical violations of the Foreign Corrupt Practices Act. On March 28,
2024, the Monitor certified to DOJ that Ericsson's anti-corruption compliance
program has satisfied requirements. The March 2023 Plea Agreement with the DOJ
has also expired as of June 2.
Borje Ekholm, President and CEO of Ericsson, said: 'Over the past four years we
have implemented important compliance requirements and processes.'
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