One of the world's biggest telecommunications companies will pay $795 million in penalties to resolve claims it paid $114 million in bribes to a government official in Uzbekistan, authorities announced Thursday.
The deal with VimpelCom Ltd., the world's sixth-largest telecommunications company, resolves criminal charges stemming from claims that the Amsterdam-based company and a subsidiary, Unitel LLC, used various executives and employees to pay bribes to obtain telecommunications business in Uzbekistan.
Unitel LLC, through a lawyer, pleaded guilty in Manhattan federal court on Thursday to violating the Foreign Corrupt Practices Act.
Meanwhile, VimpelCom admitted participating in the conspiracy with its subsidiary as it entered into a deferred prosecution agreement, according to a release from U.S. Attorney Preet Bharara and Assistant Attorney General Leslie R. Caldwell.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.