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Veon wraps up DOJ deferred prosecution deal

Oct. 31, 2019 6:17 PM ETVEON Ltd. (VEON) StockVEONBy: Jason Aycock, SA News Editor2 Comments
  • Veon (NASDAQ:VEON) says it's wrapped a deferred prosecution agreement with the Justice Dept., marking the end of a long compliance monitorship.
  • The company entered into the deal in February 2016 with the DOJ amid claims of bribery.
  • Now the DOJ has filed a motion in the Southern District of New York to dismiss the deferred charges.
  • "This is a significant milestone for our company which demonstrates the strong progress we have made in building a robust and sustainable compliance program across our business," says Chairman/CEO Ursula Burns. "A culture of ethics and compliance is now reflected in our structures, procedures and daily ways of working."

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