Regulatory case
In the Matter of Telia Company AB
- Authority
- US Securities and Exchange Commission
- Case number
- Not published
- Filed or opened
- 21 September 2017
- Organization
- Telia Company AB
- Current stage
- Settled administrative order
- Outcome
- Settled orderS2.
Decisions and steps
- Order requiring US$457 million in disgorgementS2
Claims this case bears on
- Supported95The US Department of Justice said on 21 September 2017 that Telia and its Uzbek subsidiary Coscom agreed to pay more than US$965 million over bribes paid to win business in Uzbekistan.Regulator statement, 21 September 20175 records citedBribery
Sources
- S2Tier A Telecommunications Company Paying $965 Million For FCPA ViolationsUS Securities and Exchange Commission. Regulator press release. 21 September 2017.Supports the SEC disgorgement order and the description of payments to a shell company.