Amsterdam-based VimpelCom Limited, the world’s sixth-largest telecommunications company, and its wholly owned Uzbek subsidiary, Unitel LLC, entered into resolutions with the DOJ, SEC, and Dutch authorities Thursday for paying more than $114 million in bribes to a government official in Uzbekistan between 2006 and 2012.
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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."
Prosecutors in Switzerland have opened a money-laundering investigation into Gulnara Karimova, the eldest daughter of the president of Uzbekistan, Islam Karimov.
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