The Traderszone Network

Published in TZ Latest News 14 August, 2015 by The TZ Newswire Staff

U.S. authorities seek to seize $1 billion in telecom probe: WSJ

Vimpelcom Ltd (VIP.O), Mobile TeleSystems (MTS) (MTSS.MM) (MBT.N) and TeliaSonera AB (TLSN.ST) are under scrutiny from the U.S. Department of Justice and the Securities and Exchange Commission, as well as some authorities in Europe. U.S. prosecutors are investigating payments they believe were made to businesses controlled by Gulnara Karimova, daughter of President Islam Karimov, in an effort to secure wireless frequencies and other deals in Uzbekistan, the Journal reported, citing court documents and people with direct knowledge of the probe.