Stockholm-based Telia Company AB and its Uzbek subsidiary, Coscom LLC, entered into a global foreign bribery resolution and will pay a combined total penalty of more than $965 million to resolve charges arising out of a scheme to pay bribes in Uzbekistan. Coscom pled guilty and was sentenced on a one-count criminal information charging the company with conspiracy to violate the anti-bribery provisions of the FCPA. Telia will pay a total criminal penalty of $274,603,972 to the U.S., including a $500,000 criminal fine and $40 million in criminal forfeiture that Telia will pay on behalf of Coscom.
The companies structured and concealed the bribes through various payments including to a shell company that certain Telia and Coscom management knew was beneficially owned by the foreign official.
— source corporatecrimereporter.com 2017-09-24