Mobile Telesystems – MBT: Disclosed investigation confirmed as on-going. Within the Mobile Telesystems 6-K filed on 18-Mar-2014, the company first disclosed an SEC investigation. Now, more than 4 years later, the 20-F filed in April-2018, is the first time the term “Foreign Corrupt Practices Act (FCPA)” is included in the related disclosure. This is squirrelly. We call this a material risk you cannot analyze and properly discount. Relevant excerpts from company disclosures appear in this report.
This article is premium content. To continue reading, please Sign In or Join at the top of this page.
