ING investigation includes Uzbek transactions by VimpelCom -prosecutors

VEON

22/03/2017 10:20

AMSTERDAM, March 22 (Reuters) - A corruption investigation 
into Dutch financial services company ING Groep  INGA.AS  
includes past "irregular transactions" between telecoms company 
VimpelCom  VIP.O  and Uzbek officials, Dutch prosecutors said on 
Wednesday. 
    Prosecutors said they are examining transactions involving 
subsidiary ING Bank NV  INGBK.UL . 
    "The bank is suspected of having failed to report, or report 
in a timely fashion, irregular transactions," prosecutors said 
in a statement. "It is suspected of having enabled international 
corruption and money laundering." 
    VimpelCom announced in February 2016 that it would pay $795 
million to resolve U.S. and Dutch probes into a bribery scheme 
in Uzbekistan in the second largest global anti-corruption 
settlement in history.  ID:nL2N15X2GI  
     
 
 (Reporting by Anthony Deutsch; editing by Jason Neely) 
 ((anthony.deutsch@thomsonreuters.com; +31205045003;)) 
 
Keywords: ING GROEP CORRUPTION/VIMPELCM