VimpelCom announces prospective settlements for corruption
(Thomson Reuters ONE) -
VimpelCom Ltd., where Telenor holds a minority stake, in their fourth quarter
results release today announced that their ongoing discussions with US and Dutch
authorities have resulted in prospective settlements where the company would
acknowledge certain violations of corruption laws and indicates that they will
pay a fine within the previously disclosed provision for that purpose. VimpelCom
writes that these prospective settlements remain subject to the approval of the
pertinent authorities. VimpelCom reiterates that there can be no assurance that
they will become effective in accordance with the terms described above.
Corruption is unacceptable, and Telenor takes it very seriously that VimpelCom
now seems to acknowledge certain violations of the US. Foreign Corrupt Practices
Act and relevant Dutch Laws.
Telenor is unable to give any further comments to VimpelCom's prospective
settlements until they are finally approved and publicly available.
Media Contact
Glenn Mandelid, glenn.mandelid(at)telenor.com, mob: +47 9266 1300
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Telenor via GlobeNewswire
[HUG#1986706]
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2016 - 08:56 Uhr
Sprache: Deutsch
News-ID 451131
Anzahl Zeichen: 1701
contact information:
Town:
OSLO
Kategorie:
Business News
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