TELIA TO PAY OVER USD965 MILLION GLOBALLY FOR UZBEKISTAN GRAFT
September 1st, 2017
AMERICAN and European regulators are forcing Swedish telecoms firm Telia and its Uzbek subsidiary Coscom together to pay out USD965,773,949 in penalties worldwide for corrupt payments made in Uzbekistan. The payout includes USD548.6 million for breaching the United States Foreign Corrupt Practices Act (FCPA), with the rest linked to proceedings by Dutch and Swedish prosecutors, the Openbaar Ministerie and Åklagarmyndigheten respectively. The US Department of Justice (DoJ) announced the global foreign bribery resolution September 21 as part of a three-year ...
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