Telia and Uzbek Subsidiary Make Global Settlement of Uzbek Corrupt Payments

IMPORTANT: The full content of this page is available to premium users only.

Friday, September 29, 2017
Author: 
Bruce Zagaris
Volume: 
33
Issue: 
10
Abstract: 

On September 21, 2017, Telia Company AB, an international telecommunications company based in Stockholm and formerly an issuer of publicly traded securities in the United States, and its Uzbek subsidiary, Coscom LLC, entered into a global foreign bribery settlement.  The settlement provides that it pay a combined total penalty of more than $965 million to settle criminal charges arising out of a scheme to pay bribes in Uzbekistan.