SEC opens probe into Ericsson over 2019 Iraq bribery report ...Kuwait

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SEC opens probe into Ericsson over 2019 Iraq bribery report
Ericsson said on Thursday that the US securities regulator has opened an investigation concerning the matters described in the company's 2019 Iraq investigation report. The Swedish telecom equipment maker said it was fully cooperating with the United States Securities and Exchange Commission (SEC) and that it was too early to determine or predict the outcome of the investigation. Ericsson disclosed in February that an internal investigation had found it may have made payments to the so-called Islamic State militant group in Iraq – misconduct it said "started at least back in 2011". The US Department of Justice (DoJ), which fined Ericsson in 2019 over the settlement of

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