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Three Rotterdam based subsidiaries of Swedish telecom giant
Telia have agreed to pay $274m in an out of court settlement for bribing
government officials and keeping inaccurate books and records.
The fine relates
to the company’s efforts to gain access to the Uzbek telecom market, during
which officials paid bribes to the eldest daughter of the former president of
Uzbekistan via its Dutch subsidiaries, the public prosecution department said.
The deal covers the period 2007 to 2010.
Telia has also reached settlements
with the US department of justice and the US securities and exchange
commission. In total, the company has agreed to pay $965m to settle the
charges.
The Netherlands considers the fine as ‘appropriate’, the Dutch
prosecutor said in a statement. ‘It is a punishment that hurts, and it does
justice to the significance of the acts committed as well as to the disruption
these acts caused to the legal order.
The parallel [US] government action against corruption demonstrates that
corruption is tackled internationally.’
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