The files are finally closed on the U.S. government’s bribery case involving Hungary’s largest telecommunications company after two former executives Monday agreed to pay penalties and accept a five-year bar on serving as an officer or director.
The settlement stems from the 2011 case against Magyar Telekom and three of its former executives, CEO Elek Straub, chief strategy officer Andras Balogh and director of business development and acquisitions Tamas Morvai. The three could not be reached for comment.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
