SEC drops some charges against former Magyar Telekom execs
Richard L. Cassin
March 11, 2014
The Wall Street Journal’s Joel Schectman reported Monday that the SEC is dropping allegations that former executives of the Hungarian unit of Deutsche Telekom bribed officials in Montenegro.
Former Magyar Telekom CEO Elek Straub and two former senior executives, Andras Balogh and Tamas Morval, were accused of bribing Montenegrin officials in 2005 when Magyar gained a controlling interest in privatized Telekom Crne Gore A.D.… Continue Reading