February 18, 2016

VimpelCom Ltd.

Foreign Corrupt Practices Act

SANCTION AMOUNT: $167,500,000

Defendants: VimpelCom Ltd.

Part of a larger, global settlement; the SEC found that VimpelCom offered and paid at least $114 million in bribes that were hidden in the company’s books and records to an Uzbek government official related to the President of Uzbekistan as the company entered the Uzbek telecommunications market and sought government-issued licenses, frequencies, channels, and number blocks. $2.5 billion in resulting revenues.

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