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Four former Ericsson execs charged with bribery over $200 million Djibouti Telecom contract

By Martin Coyle and Annie Robertson ( May 27, 2021, 17:59 GMT | Insight) -- Four former Ericsson executives have been charged with bribery by Swedish prosecutors over suspected payments of $2 million to win a $200 million contract for the telecoms giant in Djibouti. The charges follow Ericsson’s $1 billion settlement with US authorities in 2019 over the company’s involvement in wrongdoing in China, Djibouti, Indonesia, Kuwait and Vietnam, between 2000 and 2016.Four former Ericsson executives have been charged with bribery by Swedish prosecutors over suspected payments of $2 million to win a $200 million contract for the telecoms giant in Djibouti....

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