U.S. v. VimpelCom
In what prosecutors called one of the largest global foreign bribery resolutions ever, Dutch telecommunications giant VimpelCom Ltd. agreed Feb. 18 to pay $795 million to resolve U.S. and Dutch charges that it bribed government officials in Uzbekistan to win business. The U.S. also filed a civil complaint seeking forfeiture of $550 million in corrupt proceeds of the bribe, “one of the largest forfeiture actions we have ever brought to recover bribe proceeds from a corrupt government official,” according to Leslie Caldwell, assistant attorney general of the Criminal Division of the U.S. Department of Justice. (At press time, the civil forfeiture action remained pending in Manhattan federal court.)
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