Deutsche Telekom to pay $95 million to settle FCPA charges

Company accused of bribing government officials in Macedonia and Montenegro

Deutsche Telekom AG and one of its business units are resolving to do better in 2012.

Last week, the Germany-based telephone company and a Hungarian unit, Magyar Telekom, agreed to pay more than $95 million to settle U.S. criminal and civil charges claiming they violated the Foreign Corrupt Practices Act (FCPA) by bribing government officials in Macedonia and Montenegro. The companies also agreed to improve compliance programs.

Ashley Post

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