Ericsson faces US corruption probe: Swedish newspaper
Swedish mobile telecom gear maker Ericsson is being investigated by U.S. authorities over possible corruption related to its business in China, Swedish daily Svenska Dagbladet (SvD) reported late on Thursday, citing unnamed sources.
SvD said on its website the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are investigating Ericsson, whose shares are listed in Stockholm as well as on Nasdaq.
In an emailed statement, an Ericsson spokesperson declined to comment on the report other than saying the company was cooperating with U.S. authorities to answer questions over its operations it had received in March 2013.
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