- A probe into the Netherlands' ING Groep (NYSE:ING) that could result in "significant" fines for the financial services company is touching on VimpelCom's (VIP -1.4%) scandal over Uzbekistan.
- The corruption investigation is tackling past "irregular transactions" between the telecom and Uzbek officials, transactions that led to a multinational probe of VimpelCom -- which agreed to a settlement of $795M with officials in the U.S. and the Netherlands.
- The bank is "suspected of having enabled international corruption and money laundering," Dutch prosecutors say.
- ING is off lows but still down 3.4%.