Swedish Telecom Provider To Pay Nearly $1B To Settle FCPA Claims

(September 22, 2017, 1:51 PM EDT) -- WASHINGTON, D.C. — Swedish telecommunications provider Telia Co. AB has agreed to pay nearly $1 billion as part of a global settlement with U.S., Dutch and Swedish officials for its role in a massive bribery and money laundering scheme with government officials in Uzbekistan, according to documents filed with the Securities and Exchange Commission and in New York federal court on Sept. 21 (In the Matter of Telia Co. AB, No. 3-18195, SEC, and United States of America v. COSCOM LLC, No. 17-cr-581, S.D. N.Y.)....