Sweden's Telia Company said Thursday it received a proposal from U.S. and Dutch authorities to pay $1.4 billion to settle allegations of overseas bribery.
Entries in Islam Karimov (12)
Telecoms company VimpelCom said in an earnings release Wednesday that it has discussed terms of prospective settlements with the SEC, DOJ, and Dutch prosecutors and would would acknowledge "certain violations" of the Foreign Corrupt Practices Act and Dutch laws and pay fines and disgorgements to settle the offenses.
The U.S. Justice Department took another big step in its investigation of bribes allegedly paid by Russian and Swedish companies to the eldest daughter of Uzbek President Islam Karimov in exchange for access to the country's telecoms market.
A federal judge in New York last week said the DOJ can seize $300 million allegedly linked to the telecoms scandal involving "a relative of Uzbekistan's president."
Journalists from the Organized Crime and Corruption Reporting Project uncovered documents last year appearing to show $300 million in bribes to Gulnara Karimova, the eldest daughter of Uzbek President Islam Karimov, in exchange for access to the country's telecoms market.
As many as 60 alleged associates of Uzbekistan's first daughter have been convicted of financial fraud and sentenced to long prison terms recently.
Law enforcement officials in Uzbekistan confirmed Tuesday that Gulnara Karimova, the eldest daughter of President Islam Karimov, is under house arrest and being investigated for alleged corruption.
The Uzbek prosecutor-general's office has said a person named "Karimova G." is a suspect in a case against an organized criminal group.
Prosecutors in Switzerland have opened a money-laundering investigation into Gulnara Karimova, the eldest daughter of the president of Uzbekistan, Islam Karimov.
An Uzbek dissident occupying the $20-million Geneva mansion of Gulnara Karimova claims to have found more than 60 20th-century paintings pilfered from Uzbekistan's state art museums.
Individuals : Per-Arne Blomquist, former head of TeliaSonera Eurasia region, Tero Kivasaari, former TeliaSonera CEO Lars Nyberg, daughter of Uzbek president Islam Karimov, Gulnara Islomovna Karimova