The shareholder suit comes as Vimpelcom is reportedly nearing a potential $775 million settlement with the Justice Department to resolve allegations that it violated the Foreign Corrupt Practices Act through extensive bribery in Central Asia.
The civil summons could reignite a decade-old case in which investors allege they were defrauded by the Harvard-educated businessman.
The police have arrested Juan Angel Napout of Paraguay, president of FIFA’s South American soccer confederation, and Alfredo Hawit of Honduras, the president of FIFA’s North, Central American and Caribbean soccer confederation, according to reports.
The Amsterdam-based telecommunications company is in talks to settle foreign bribery allegations with U.S. authorities for a near-record $775 million, Bloomberg Business reports.
The auto parts manufacturer said that it had reported to possible violations to the Justice Department and Securities and Exchange Commission, while “outside professionals” conducted an investigation overseen by the company’s audit committee.
The requests, sent to courts in France, South Korea, England, Italy, and the Netherlands, target seven companies who are allegedly involved in the Petrobras bribe scheme.
The lawsuit alleges that VimpelCom lied in its Securities and Exchange Commission filings to cover up a massive bribery scheme in Uzbekistan.
Former VimpelCom CEO Jo Lunder was arrested at Norway’s Oslo Airport on Nov. 5, in relation to bribery allegations also under investigation by authorities in the U.S., the Netherlands and Switzerland.
The company is currently under investigation by the Securities and Exchange Commission, the Department of Justice, and the Dutch Public Prosecution Service over allegations of bribery in Uzbekistan.
Svein Aasersaid said he and the government disagreed about his handling of a probe into Russian telecom company VimpelCom.
The Paris-based transportation multinational had argued that that transfer of documents to former executive Lawrence Hoskins for his defense on FCPA charges would violation French criminal law. But France is now complying with a U.S mutual legal assistance treaty request.
The former consultant argues that prosecutors cannot legally charge him with both bribery and money laundering over the same set of facts.
In a report on Oct. 16, the German news magazine Der Spiegel said that the federation likely paid bribes to win the 2006 FIFA World Cup.
The complaint was filed on Oct. 12 by the Kazakh city of Almaty and BTA Bank, one of the country’s largest lenders.
Sevan Marine ASA on Oct. 16 said it has handed the results of its independent investigation, compiled by outside counsel, to ØKOKRIM, the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime.