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.
