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  "documentTitle": "TeliaSonera AB (TLSN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters",
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  "presentationDate": "2015-10-15 00:00:00",
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  "notes": "This page serves as a narrative disclosure/appendix detailing the historical context of TeliaSonera's operations in Azerbaijan.",
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      "text": "Beginning in 2004, the Azerbaijani government embarked on the privatization of its interest in Azercel. As detailed below, this was unusually structured and could have been devised to enable the theft of state assets, facilitate illegal and highly suspect payments to entities owned or controlled by the Aliyev family, and provide for an ongoing corrupt revenue source in the form dividends and a put option.",
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      "kind": "paragraph",
      "text": "Beginning in 2004, the Azerbaijani government embarked on the privatization of its interest in Azercel. As detailed below, this was unusually structured and could have been devised to enable the theft of state assets, facilitate illegal and highly suspect payments to entities owned or controlled by the Aliyev family, and provide for an ongoing corrupt revenue source in the form dividends and a put option.",
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      "text": "For several Aliyev family owned Panamanian companies including those holding Cenay Illetism about: the ownership behind the companies owning Cenay Illetism, namely Dilsan Investments and Colville Group, and whether these were Aliyev family owned; the apparent low valuation of the privatization price; possible price fixing and collusion between Azercell and Azerfon.",
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      "text": "In December of 2014, Azerbaijani authorities were no longer willing to tolerate her inquiries, reports, and allegations into and took her into custody. She was convicted for embezzlement and tax evasion and sentenced to seven and one half year sentence.",
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      "text": "Despite her publication of information relating to the Aliyevs' alleged corrupt privatizations of state assets such as Azercell and the illegal licensing of restricted 3G telecom spectrum to their own company, Azerfon, it was not until the release of the subsequent May 27 2015, OCCRP report based on her research and the efforts of other activists that finally pushed TeliaSonera to begin to respond to the problem of the Azerbaijan and its local partners in Azercell.",
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      "kind": "source-note",
      "text": "Citations 84-92 detailing sources for the allegations and historical events.",
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      "kind": "title",
      "text": "TeliaSonera's Transactional History in Azerbaijan",
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