Ericsson Working ‘Diligently’ to Respond to U.S. Authorities
- Network equipment maker says probe focuses on corruptio
- Swedish paper reports investigation covers China operations
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Ericsson AB, the Swedish maker of wireless networks, said it has been cooperating with U.S. authorities since receiving a March 2013 request to provide information on its operations, and that it is working “diligently” to answer the questions.
The questions pertain to the company’s anti-corruption program and the U.S. Foreign Corrupt Practices Act, Ericsson said in an e-mailed statement Friday, declining to provide further details. Swedish newspaper Svenska Dagbladet reported Thursday that the Securities and Exchange Commission and the U.S. Department of Justice are investigating Ericsson for suspected corruption, including at its operations in China.