Deutsche Telekom charged by SEC in corruption case

The U.S. Securities and Exchange Commission said executives at the company’s Magyar Telekom unit arranged the payment in 2005 and 2006 of about 4.88 million euros to Macedonian officials to keep a competitor out of the market and obtain regulatory benefits. According to the regulator, the same executives in 2005 arranged a second scheme in which 7.35 million euros were paid to third-party consultants under four sham contracts….

via Deutsche Telekom charged by SEC in corruption case — Reuters.