Magyar Telekom, Plc., a Hungarian telecommunications company and its  German majority owner, Deutsche Telekom AG, recently agreed to pay a combined $95 million to settle civil and criminal charges to resolve Foreign Corrupt Practices Act (FCPA) investigations into activities by Magyar Telekom and subsidiaries in Macedonia and Montenegro.  The combined criminal penalty to the U.S. Department of Justice (DOJ) was $63.9 million, while Magyar Telekom agreed to settle the Securities and Exchange Commission’s (SEC) charges by paying more than $31.2 million in disgorgement and pre-judgment interest settlement.  The DOJ filed a criminal information against Magyar Telekom and a two-year deferred prosecution agreement in U.S. District Court for the Eastern District of Virginia. The SEC also sued three former Magyar executives. The government investigations date back nearly five years and involved funneling bribes to government officials to delay the entry of a competitor into the mobile-phone market. The Compendium summary and government documents may be accessed here.