Ericsson to pay $206M for breaking US deal in bribery case | AP News
apnews.comIn 2021, Swedish telecom equipment maker Ericsson agreed to plead guilty to U.S. foreign corruption violations and pay more than $206 million for breaking a deal with the Justice Department over charges of bribery and falsifying records in countries from China to Kuwait.
In 2022, Ericsson acquired Vonage. As the leader of the Vonage Commercial Legal Affairs team, I spearheaded a robust review of Vonage's internal transaction review and processes. Following that review, I drove implementation of additional trade compliance best practices. Since Vonage's parent company was under a microscope due to it's multibillion dollar settlement with the US Department of Justice, it was critical for Vonage to avoid any hint of impropriety. In my role as leader of Commercial Legal Affairs (which included all global transactions), I met regularly with the Department of Justice monitors to discuss compliance processes and implementation.