The U.S. Department of Justice (DOJ) has announced that the world’s sixth-largest telecommunications company has entered into resolutions with the DOJ in which they admitted to a conspiracy to make more than $114 million in bribery payments to a government official in Uzbekistan between 2006 and 2012 to enable them to enter and continue operating in the Uzbek telecommunications market.
In a related action, the department also filed a civil complaint seeking the forfeiture of more than $550 million held in Swiss bank accounts, which constitute bribe payments made by the company and two separate telecommunications companies, or funds involved in the laundering of those payments, to the Uzbek official. The forfeiture complaint follows an earlier civil complaint filed on June 29, 2015, which seeks forfeiture of more than $300 million in bank and investment accounts held in Belgium, Luxembourg and Ireland that also constitute funds traceable to bribes, or funds involved in the laundering of the bribes, paid by the company and another telecommunications company to the same Uzbek official.
To read the entire DOJ Press Release please follow this link: $795M FCPA Penalty
In a related action, the department also filed a civil complaint seeking the forfeiture of more than $550 million held in Swiss bank accounts, which constitute bribe payments made by the company and two separate telecommunications companies, or funds involved in the laundering of those payments, to the Uzbek official. The forfeiture complaint follows an earlier civil complaint filed on June 29, 2015, which seeks forfeiture of more than $300 million in bank and investment accounts held in Belgium, Luxembourg and Ireland that also constitute funds traceable to bribes, or funds involved in the laundering of the bribes, paid by the company and another telecommunications company to the same Uzbek official.
To read the entire DOJ Press Release please follow this link: $795M FCPA Penalty
