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Violation Tracker Individual Record

Company: Magyar Telekom PLC and Deutsche Telekom AG
Current Parent CompanyDeutsche Telekom
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $63,900,000
Year: 2011
Date: December 29, 2011
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-ScandalForeign Bribery
Violation Description: Magyar Telekom Plc., a Hungarian telecommunications company, and Deutsche Telekom AG, a German telecommunications company and majority owner of Magyar Telekom, agreed to pay a combined $63.9 million criminal penalty to resolve a Foreign Corrupt Practices Act investigation into activities by Magyar Telekom and its subsidiaries in Macedonia and Montenegro.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: deferred prosecution agreement
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.