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Telia's $965 million corruption settlement is a 'punishment that hurts,' Dutch prosecutor says

( September 22, 2017, 09:29 GMT | Official Statement) -- MLex Summary: A plea deal that will see Swedish telecom operator Telia Company pay $965 million to settle corruption probes in the US and Netherlands is a "punishment that hurts," the Dutch public prosecutor said. It also "does justice" to the significant acts of wrongdoing that the company perpetrated, and the cooperation between the authorities shows that corruption can be tackled at an international level, the prosecutor said. Of the total settlement, Telia will pay $274 million to the Netherlands, composed of a $100 million fine and a $174 million confiscation order.Full statement follows and the statement of facts is attached below. ...

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