A Russian telecommunications services company agreed to settle SEC charges for violating anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act.
The DOJ and the SEC announced one of the largest global Foreign Corrupt Practices Act settlements in history. Under the settlement, a Dutch telecommunications will pay $795 million to resolve allegations that it paid $114 million in bribes to an Uzbek government official to obtain and retain business in the country.
Commentary by Bret Campbell
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