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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...

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