Violation Tracker Individual Record
Company:
Mobile TeleSystems PJSC
Current Parent Company:
Mobile TeleSystems PJSC
Penalty:
$750,000,000
Year:
2019
Date:
March 7, 2019
Offense Group:
competition-related offenses
Primary Offense:
Foreign Corrupt Practices Act
Violation Description:
Moscow-based Mobile TeleSystems PJSC), a Russian mobile telecommunications company and an issuer of publicly traded securities in the United States, and its wholly owned Uzbek subsidiary, KOLORIT DIZAYN INK LLC (KOLORIT), entered into a deferred prosecution agreement to charges arising out of a scheme to pay bribes in Uzbekistan. The company agreed to pay total criminal penalties of $850 million, $100 million of which was offset by a payment of that amount to the Securities and Exchange Commission in a related civil case (listed in a separate Violation Tracker entry).
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 Parent:
Russia
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
telecommunications
Specific Industry of Parent:
telecommunications
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
