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Entries in Gulnara Karimova (18)

Wednesday
Apr052017

Aaron Bornstein: Key Lessons of the BOTA Foundation

In my recent previous posts on the BOTA Foundation, I recapped its history and provided what I think were some of the critical factors which led it to be recognized as the most successful example the United States Department of Justice has had to date in returning recovered corruption assets. But what are the lessons from BOTA that might be applicable to future foundations established for the same purpose?

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Thursday
Feb162017

The BOTA Foundation Revisited โ€“ Part One: Introduction

What happens when recovered assets that were stolen by kleptocrats are not simply returned to the government currently in power, but used to benefit victims of corruption -- the poor?

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Monday
Oct242016

Telia reserves $1.45 billion for U.S., Dutch settlements of Uzbekistan bribes

Sweden's Telia Company said in a quarterly report released Friday that it has recorded a provision of $1.45 billion to settle investigations by U.S. and Dutch authorities of bribery in Uzbekistan.

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Thursday
Sep152016

Telia receives $1.4 billion settlement offer from U.S., Dutch authorities for Uzbekistan bribes

Telia chairman Marie Ehrling image (courtesy of Telia)Sweden's Telia Company said Thursday it received a proposal from U.S. and Dutch authorities to pay $1.4 billion to settle allegations of overseas bribery.

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Thursday
Feb182016

VimpelCom reaches $795 million resolution with U.S., Dutch authorities

Amsterdam-based VimpelCom Limited, the world’s sixth-largest telecommunications company, and its wholly owned Uzbek subsidiary, Unitel LLC, entered into resolutions with the DOJ, SEC, and Dutch authorities Thursday for paying more than $114 million in bribes to a government official in Uzbekistan between 2006 and 2012.

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Thursday
Feb182016

VimpelCom: We're ready to acknowledge FCPA violations and pay penalties

Telecoms company VimpelCom said in an earnings release Wednesday that it has discussed terms of prospective settlements with the SEC, DOJ, and Dutch prosecutors and would would acknowledge "certain violations" of the Foreign Corrupt Practices Act and Dutch laws and pay fines and disgorgements to settle the offenses.

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Tuesday
Nov032015

VimpelCom reserves $900 million for potential resolution of Uzbekistan bribery investigation

Telecoms company VimpelCom said in a statement Tuesday it will take a provision of $900 million for an investigation by U.S. and Dutch authorities of its business in Uzbekistan and dealings with an offshore company linked to the daughter of the Uzbek president.

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Monday
Aug172015

DOJ moves to seize $1 billion linked to Uzbek telecoms scandal

The U.S. Justice Department took another big step in its investigation of bribes allegedly paid by Russian and Swedish companies to the eldest daughter of Uzbek President Islam Karimov in exchange for access to the country's telecoms market.โ€‹

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Tuesday
Jul142015

Feds chase $300 million of Karimova loot

Image courtesy of the BBC via YouTubeA federal judge in New York last week said the DOJ can seize $300 million allegedly linked to the telecoms scandal involving "a relative of Uzbekistan's president."

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Friday
Jun262015

How the Uzbek first daughter locked up the local telecoms market (with video)

Journalists from the Organized Crime and Corruption Reporting Project uncovered documents last year appearing to show $300 million in bribes to Gulnara Karimova, the eldest daughter of Uzbek President Islam Karimov, in exchange for access to the country's telecoms market.โ€‹

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Thursday
Apr022015

DOJ asks Sweden to freeze $30 million in TeliaSonera, Uzbek graft probe

The United States asked Swedish authorities to freeze more than $30 million in assets linked to an investigation into possible bribery of Uzbek officials and money laundering, RFE/RL's Uzbek Service reported Wednesday.

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Thursday
Jan152015

Report: Dozens jailed from alleged Gulnara Karimova crime gang

Gulnara Karimova (Image courtesy of uznews.net)As many as 60 alleged associates of Uzbekistan's first daughter have been convicted of financial fraud and sentenced to long prison terms recently.

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