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Company: Mobile TeleSystems PJSC
Current Parent Company:
Mobile TeleSystems PJSC
Parent at the Time of the Penalty Announcement:
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Penalty: $750,000,000
Year: 2019
Date: March 7, 2019
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal:
Foreign Bribery
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 Current Parent: Russia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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