Bribery Investigation Traps Nordic Executives in Ex-Soviet Mess
- Norway’s government already fired Telenor’s chairman
- VimpelCom has set aside $900 million to cover possible fines
This article is for subscribers only.
Another day and another few Nordic executives are stepping back from their roles because of a corruption scandal in a former Soviet economy.
Telenor ASA, a phone company owned by the Norwegian government, said late on Wednesday it temporarily suspended two executives following a review by Deloitte into bribes allegedly paid in Uzbekistan by VimpelCom Ltd., which Telenor owns together with Russian billionaire Mikhail Fridman.