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VimpelCom to pay $795 million for FCPA violations

Jaclyn Jaeger | February 19, 2016

Amsterdam-based VimpelCom, a global telecommunication services provider, and its wholly owned Uzbek subsidiary, Unitel, yesterday reached a combined $795 million settlement with the U.S. and Dutch prosecutors for paying bribes to a government official in Uzbekistan.

VimpelCom will pay a $230.2 million criminal penalty to the Department of Justice, $167.5 million civil penalty to the Securities and Exchange Commission, and $397.5 million to the Public Prosecution Service of the Netherlands (Openbaar Ministrie, or OM). Thus, the combined total amount of U.S. and Dutch criminal and regulatory penalties paid by VimpelCom will be more than $795 million, making it one of the largest global foreign bribery resolutions ever. 

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