The Serious Fraud Office took action under the Proceeds of Crime Act of 2002 to recover allegedly ill-gotten gains from corrupt telecom deals in Uzbekistan held by Gulnara Karimova, the daughter of Uzbekistan’s former president, and Rustam Madumarov, a close associate. Karimova’s assets in the US were frozen in December 2017 pursuant to the Global Magnitsky Human Rights Accountability Act. In 2016, VimpelCom settled bribery charges with US and Dutch authorities, paying nearly $400 million in penalties for bribing Uzbek authorities, including Karimova. In 2017, Telia Company AB paid $965 million to settle charges with US, Dutch, and Swedish authorities, also for bribes paid in Uzbekistan, some of them allegedly involving Karimova.
October 3, 2018
Serious Fraud Office issues claim for civil recovery against two individuals
Related by Topic
New Post
DOJ issues declination with disgorgement letter to Boston Consulting Group for possible FCPA offenses
August 29, 2024
News Alert
New Post
Former oil and gas trader pleads guilty to additional FCPA charges
August 23, 2024
News Alert
Smartmatic executives indicted for money laundering and FCPA violations
August 12, 2024
News Alert