Skip to content

Ericsson Probed by US SEC Over Corruption Scandal in Iraq

Updated on

Ericsson’s governance woes continued to pile up after the US Securities and Exchange Commission started a probe into the company’s handling of a corruption scandal in Iraq.

The SEC “has opened an investigation concerning the matters described in the company’s 2019 Iraq investigation report,” Ericsson said in a statement after market close on Thursday. The company added that it’s “fully cooperating” and that “it is too early to determine or predict the outcome.”