VimpelCom Slides as Carrier Faces Probe Over Uzbek Business
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VimpelCom Ltd. is facing criminal investigation over its Uzbek business a year after the carrier warned investors about its relationship with Takilant Ltd., a company that is the focus of a corruption probe at Swedish rival TeliaSonera AB. The stock fell to a 19-month low.
VimpelCom’s headquarters in Amsterdam were raided yesterday by Dutch prosecutors. The operator, controlled by billionaire Mikhail Fridman, said in a statement the U.S. Securities and Exchange Commission demanded documents as part of the probe into the Russian company’s business.