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  "docSlug": "fcfc0434b622",
  "documentTitle": "TeliaSonera AB (TLSN)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Muddy Waters",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2015-10-15 00:00:00",
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  "notes": "This is a highly accusatory slide focusing on corporate governance and corruption allegations.",
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      "kind": "callout",
      "text": "it is difficult to believe that Telia’s current board is so equivocal about whether Telia engaged in large scale corruption in Azerbaijan.",
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      "text": "Despite the exceptional value proposition TeliaSonera and Fintur might have seen in the low $180 million sale price, the additional conditions and deal structure, the requirement to finance the deal, the expensive put option, associated risk with making payments on vouchers formerly associated with official corruption, and the extortion like events preceding the event, it is difficult to believe that Telia's current board is so equivocal about whether Telia engaged in large scale corruption in Azerbaijan.",
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