The media called the amount of the settlement of claims against Vimpelcom in Uzbekistan


Moscow. November 25. Vimpelcom Ltd. can pay about $775 million as part of the settlement of claims of United States Department of justice and the Commission on securities and exchange Commission (USA) in connection with corruption in Uzbekistan, reported Bloomberg citing three sources familiar with the situation.

The conclusion of a settlement agreement may be announced in January next year, said one of the interlocutors of the Agency.

The U.S. government and the Netherlands (Amsterdam is the headquarters of Vimpelcom) from March 2014 investigating the deal Vimpelcom to Takilant Ltd., which is associated with the daughter of Uzbekistan’s President Gulnara Karimova.

Vimpelcom last year disclosed information about transactions with Takilant in the annual report on form 20-F, stating that in 2007, Takilant sold 7% of its Uzbek business for $20 million, and in 2009 bought back for $57.5 million in addition, Vimpelcom paid Takilant $57 million for frequency 3G and LTE, as well as the communication channels.

In January of this year the minority shareholder of Vimpelcom, the Norwegian holding Telenor has published an anonymous report received by the Ministry of trade, industry and fisheries of Norway, from which it follows that Vimpelcom paid Karimova from 2006 to 2012 and turned her considerably more money than previously reported – $219.5 million