NEW YORK — The federal government says one of the world’s biggest telecommunications companies will pay $795 million in penalties to resolve claims it paid over $114 million in bribes to a government official in Uzbekistan.
Authorities announced the deal Thursday with VimpelCom Limited, the world’s sixth-largest telecommunications company.
Representatives of Unitel LLC, a subsidiary of the Amsterdam-based VimpelCom, pleaded guilty in Manhattan federal court to violating the Foreign Corrupt Practices Act. VimpelCom admitted participating in the conspiracy with its subsidiary as it entered into a deferred prosecution agreement. In a release, VimpelCom’s chief executive said the company deeply regrets the “unacceptable” wrongdoing.
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