Defendant Name: VimpelCom Ltd.

Defendant Type: Public Company
SIC Code: 4812
CUSIP: 92719A10

Initial Case Details

Legal Case Name SEC v. VimpelCom Ltd
First Document Date 18-Feb-2016
Initial Filing Format Civil Proceeding
Case Number 16-cv-01266
Allegation Type Foreign Corrupt Practices Act
Federal District Court New York, Southern District of New York

Violations Alleged

Exchange Act
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Sec 30A


First Resolution Date 18-Feb-2016
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

2016-34 18-Feb-2016 Press Release--Civil Action
VimpelCom to Pay $795 Million in Global Settlement for FCPA Violations
On February 18, 2016, the SEC announced "a global settlement along with the U.S. Department of Justice and Dutch regulators that requires telecommunications provider VimpelCom Ltd. to pay more than $795 million to resolve its violations of the Foreign Corrupt Practices Act (FCPA) to win business in Uzbekistan."
comp-pr2016-34 18-Feb-2016 Complaint
In the Complaint, the SEC alleged: "From 2006 to at least 2012, VimpelCom offered and paid bribes to a government official in Uzbekistan in connection with its Uzbek operations. During the course of the bribery scheme, VimpelCom made or caused to be made at least $114 million in improper payments in order to obtain and retain business that generated more than $2.5 billion in revenues for VimpelCom."
court_doc3_16-cv-01266 22-Feb-2016 Court Docket Document
Final Judgment
On February 22, 2016, Federal District Judge Victor Marrero entered final judgment against VimpelCom Ltd pursuant to the consent of VimpelCom Ltd. The Court Order provided that: "Defendant's disgorgement obligation in the amount of $375,000,000 shall be deemed satisfied in part by Defendant's forfeiture payment of $167,500,000 within ten (10) days of Defendant's resolution with the Prosecution Authority of the Netherlands and Defendant's forfeiture payment of $40,000,000 within ten (10) days of its sentencing hearing as part of Defendant's resolution with the United States Department of Justice."