Home >> More Business news >> This Article

Daughter of Uzbekistan's President Named in TeliaSonera Bribery Scandal

Published on:

Note -- this news article is more than a year old.

Swedish prosecutors looking into bribery allegations at TeliaSonera have confirmed that they are looking into claims that the daughter of Uzbekistan's president was the main beneficiary.

TeliaSonera paid USD358 million in 2007 to buy a Gibraltar registered company, Takilant which held a 3G license in Uzbekistan.

It's claimed that the deal went ahead, even though several TeliaSonera directors knew that the company was a front for the President's daughter, Gulnara Karimova.

Citing a court request, the Reuters news agency reported that Swedish prosecutors said they suspected that representatives for TeliaSonera had bribed members of Uzbekistan's "political elite".

Gulnara Karimova has also been named as a suspect in the case by Swiss and US authorities. She has always denied the allegations.

Last year, TeliaSonera's CEO resigned after an independent review found the company had failed to carry out proper background checks and conduct due diligence on Takilant prior to the deal.

Allegations of bribery and money-laundering at TeliaSonera first emerged in 2012.

On the web: Reuters

Sign up for our free email news alerts

Sample Copy

Tags: teliasonera  Uzbekistan  Sweden