Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

VimpelCom discloses more details on FCPA damages

Jaclyn Jaeger | April 4, 2016

Amsterdam-based VimpelCom, a global telecommunication services provider, said last week in its annual report with the Securities and Exchange Commission that it has set aside $105 million for legal expenses associated with its $795 million settlement reached last month with U.S. and Dutch prosecutors for paying bribes to a government official in Uzbekistan.

As Compliance Week previously reported, VimpelCom last month paid a $230.2 million criminal penalty to the Department of Justice, $167.5...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.