Defendant Name:
VimpelCom Ltd.
Defendant Type:
Public Company
SIC Code:
4812
CUSIP:
92719A10
Document Reference:
comp-pr2016-34
Document Details
Legal Case Name
SEC v. VimpelCom Ltd
Document Name
Complaint
Document Date
18-Feb-2016
Document Format
Civil Proceeding
Case Number
16-cv-01266
Federal District Court
New York, Southern District of New York
Allegation Type
Foreign Corrupt Practices Act
Document Summary
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."