[telecom] today's "get out of jail free" card price: 795 million

That's dollars, not rubles.

(Although the press release suggsts there's a spot of additional change being seized as well).

[DOJ press release]

Global Telecommunications Company And Its Subsidiary Charged In Massive Bribery Scheme Involving Uzbek Official; Company To Pay $795 Million In Penalties ... [US Attorney] Preet Bharara ... announced today the filing of criminal charges against VimpelCom Limited ("VimpelCom"), the world's sixth-largest telecommunications company, with securities publicly traded in New York, and its wholly owned Uzbek subsidiary, Unitel LLC ("Unitel") for conspiring to violate the Foreign Corrupt Practices Act ("FCPA") by paying more than $114 million in bribes to a government official in Uzbekistan. ... DOJ also filed a civil complaint today seeking forfeiture of $550 million held in Swiss bank accounts which represent proceeds of illegal bribes paid, or property involved in the laundering of those payments, to the Uzbek official by VimpelCom and two other telecommunications companies operating in Uzbekistan. ========= rest:

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Knowledge may be power, but communications is the key snipped-for-privacy@panix.com [to foil spammers, my address has been double rot-13 encoded]

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danny burstein
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