Malaysia Sun2d
Spanish phone giant to pay $85 million to settle over bribery claims
The settlement comes after an investigation revealed the company's involvement in bribing Venezuelan officials with luxury vacations and expensive watches to secure favorable currency exchanges. This ...
Compliance Week2d
Spanish telecomm Telefónica S.A. fined $85M over bribes to government officials in Venezuela
A subsidiary of Spanish telecommunications provider Telefónica S.A. will pay $85.2 million to settle a charge that it ...
JD Supra3d
10 Compliance Lessons Learned from the Telefónica Venezolana FCPA Enforcement Action
Last week, the Department of Justice (DOJ) announced a resolution of a Foreign Corrupt Practices Act (FCPA) enforcement action involving Telefónica Venezolana, the Venezuelan subsidiary of Telefónica ...
Hosted on MSN3d
Telefónica Venezolana to pay $85.2 million to avoid foreign bribe allegations
Telefónica Venezolana C.A. Telefónica Venezolana) has been instructed to pay $85.2 million to avoid foreign bribe allegations ...
Hoodline5d
Telefónica Venezolana Settles U.S. Bribery Probe with $85 Million Payment
Telefónica Venezolana settles a U.S. bribery investigation for over $85 million relating to Venezuelan official bribes.
Spanish phone giant Telefónica to pay $85M to resolve US probe of Venezuelan bribery scheme
Spain’s largest telecommunications operator will pay more than $85 million to resolve a U.S. Justice Department investigation ...
Telefonica Venezolana to Pay $85.2 Million to Resolve DOJ Bribery Probe
The subsidiary of Spanish telecommunication company Telefónica allegedly agreed to bribe government officials in the Latin American country to exchange its Venezuelan bolivars to U.S. dollars in a ...
Telefónica Pays $85 Million to Resolve U.S. Probe Into Bribery in Venezuela
Spanish telecom company Telefónica has agreed to pay more than $85.2 million to resolve an investigation into an alleged ...