Telia to Pay Nearly $1B to Settle Uzbek Bribery Claims
wsj.com
wsj.com
https://www.occrp.org/en/corruptistan/uzbekistan/gulnarakari...
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Granted, $1B is not a huge amount in the grand scheme of things, but shouldn't the money go to the Uzbeki people, who were the ones getting 'screwed'?
I'm not sure you appreciate the extent to which the Karimov family are the state of Uzbekistan.
Typically companies worry more about their counterparty screwing (e.g. not delivering, delivering late, delivering low quality, or not paying, paying late or paying too little) them than the government.
You can't have your cake and eat it too. Jurisdictions that turn a blind eye to bribery indicate strong levels of corruption, which means you're vulnerable to your contract not being honoured by your partner and being unable to enforce penalties.
please remember this next time EU fines Google.
And if you are going to argue with China taking the business, well, let China do the bribery and take the business. The free, open economy will outperform closed corrupted systems in the long run.
Telia is being fined for their business practices in a third country.
Not defending anyone, but can't you see this is a dangerous path? What would happen if Saudi Arabia fined Coca Cola for an "indecent" commercial they televised in Delaware?
Doing business in EU or US is not risk-free either.