Tag Archives | Telecommunications

The VimpelCom settlements: a Lesson for the telecoms sector

24 February 2016 in Telecoms

A few days ago, VimpelCom Ltd., a Russian-controlled telecommunications company headquartered in the Netherlands, announced that it had agreed to pay a whopping $795 million to settle a bribery investigation by US and Dutch authorities into its payment of bribes in Uzbekistan. The penalties, which according to the US Department of Justice make up ‘one […]

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Transparency comes calling on telecoms, banking sectors

4 October 2012 in Accountability, European Union, Politics and government, Private sector

Our recent report on corporate transparency has exposed lamentably low levels of country-by-country reporting across the business spectrum. This means 69 of the world’s biggest companies operate in India, for example, but only two disclose how much money they made there, and not one discloses Indian tax payments on their main corporate website (see the […]

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