SEC drops bribery allegations against Deutsche Telekom subsidiary

Magyar Telekom had been accused of offering bribes in exchange for regulatory changes

Foreign Corrupt Practices Act (FCPA) enforcement has been up so far in 2014 with companies such as Mead Johnson and Avon recently getting caught in the snare, but for now, telecom company Deutsche Telekom AG will not be joining the party.

The Securities and Exchange Commission (SEC) announced on March 10 that it was dropping allegations that Deutsche Telekom executives bribed officials in Montenegro in exchange for regulatory changes that would block the company’s competition. According to an SEC official, it will continue to pursue a second set of civil allegations in the case.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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