February 18, 2016
Amsterdam-based telecommunications company VimpelCom Limited and its wholly owned Uzbek subsidiary, Unitel LLC, agreed to pay roughly $795 million under settlements with the DOJ, SEC and the Public Prosecution Service of the Netherlands to settle charges of violating the anti-bribery provisions of the Foreign Corrupt Practices Act. Specifically, the companies admitted making more than $114 million in bribery payments to a government official in Uzbekistan to enable them to enter and continue operating in the Uzbek telecommunications market. It is one of the largest global FCPA settlements ever and the largest case to date brought under the DOJ’s Kleptocracy Asset Recovery Initiative. Whistleblower Insider
Tagged in: FCPA,