The general counsel of the Norwegian telecom giant Telenor has resigned after an internal investigation found that he could have done more to alert the CEO about suspicions of bribery at VimpelCom, a peer company Telenor partly owns.
As we reported here, VimpelCom agreed in February to pay U.S. and Dutch regulators $795 million to settle foreign bribery charges. Telenor, which owns 33 percent of VimpelCom, hired lawyers at Deloitte to review how Telenor handled its ownership of VimpelCom.
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