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Telefonica subsidiary settles US probe into bribery for access to Venezuelan currency auction

By Samuel Rubenfeld ( November 8, 2024, 23:53 GMT | Insight) -- A subsidiary of telecommunications giant Telefonica SA agreed to pay more than $85 million to resolve a US criminal investigation into a scheme to bribe Venezuelan government officials in exchange for preferential access to dollars in a currency auction.A subsidiary of the telecommunications giant Telefonica SA agreed to pay more than $85 million to resolve a US criminal investigation into a scheme to bribe Venezuelan government officials in exchange for preferential access to dollars in a currency auction....

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