Norwegian telecom giant Telenor was allegedly involved in a corruption scandal in Uzbekistan with ties to President Islam Karimov's daughter, Norwegian media reported Saturday.
According to documents published by Norway's Klassekampen daily, Vimpelcom, an Uzbek firm partially owned by Telenor, paid $25 million (20 million euros) in bribes to obtain telecom licenses in the Central Asian nation.
The money allegedly went from a subsidiary of Vimpelcom to Takilant Limited, owned by Gayane Avakyan, a friend of Karimov's oldest daughter, Gulnara Karimova.
"Bank statements document how the money was transferred from a previously unknown company in the British Virgin Islands as Vimpelcom purchased licenses to the mobile market in the former Soviet state," Klassekampen wrote on its website.
Telenor owns 33 percent of Vimpelcom and has 43 percent of the voting rights in the company.
"We are a minority shareholder in Vimpelcom, so it's up to Vimpelcom to take responsibility for answering any questions that relate to their operations," Telenor communications head Glenn Mandelid told AFP.
"Telenor has zero tolerance for corruption, both when it comes to our own operations and also to the companies that we are part owners in."
A similar graft scandal forced out the chief executive and several senior managers of Swedish-Finnish competitor TeliaSonera in 2013.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:22 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 14:17 2018 Thursday ,25 October
BP eyes entering several new Rosneft projectsGMT 12:08 2018 Saturday ,20 October
OPEC participants performed Vienna Agreement by 111%GMT 16:14 2018 Saturday ,06 October
Saudi Aramco IPO to go ahead by early 2021GMT 19:01 2018 Thursday ,04 October
LEAD S. Korean firms offer aid for quake-hit IndonesiaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor