Telia to pay over US$965m globally for Uzbekistan bribery

American and European regulators are forcing Swedish telecoms firm Telia and its Uzbek subsidiary Coscom together to pay out US$965,773,949 in penalties worldwide for corrupt payments made in Uzbekistan. The payout includes US$548.6 million for breaching the United States Foreign Corrupt Practices Act (FCPA), with the rest linked to proceedings by Dutch and Swedish prosecutors, the Openbaar Ministerie and Åklagarmyndigheten, respectively.