WASHINGTON (AP) — Spain’s largest telecommunications operator will pay more than $85 million to resolve a U.S. Justice Department investigation into a scheme to bribe Venezuelan officials with a lavish Caribbean vacation and expensive watches.
The agreement with Telefónica S.A. announced Friday is the second time that the telco giant has faced bribery accusations in the U.S. after it was ordered in 2019 to pay a $4.1 million penalty to the Securities and Exchange Commission for providing tickets to the FIFA World Cup for foreign officials it was seeking to influence.
The latest bribery scheme started around 2014, when a subsidiary of Telefónica bribed two Venezuelan officials to participate in
→ Continue reading at The Associated Press
