August 25, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Mobilnye Telesystemy PAO (ADR) (NYSE:MBT) shares over potential securities laws violations by Mobilnye Telesystemy PAO (Mobile TeleSystems Public Joint Stock Company) and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Mobilnye Telesystemy PAO (ADR) (NYSE:MBT) concerning whether a series of statements by Mobilnye Telesystemy PAO regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Mobil'nye Telesystemy PAO (ADR) reported that its annual Total Revenue rose from over $5.75 billion in 2013 to over $20.37 billion in 2014 while its respective Net Income declined from over $1.15 billion in 2013 to $748.34 million in 2014.
June 29, 2015, the U.S. Department of Justice announced that it was joining a group of European nations in a telecom corruption probe involving Vimpelcom and Mobile TeleSystems. On March 19, 2014, Mobile TeleSystems announced the DOJ and SEC were investigating its operations in Uzbekistan..

Shares of Mobil'nye Telesystemy PAO (ADR) (NYSE:MBT) declined from $12.77 per share in May 2015 to as low as $6.40 per share on August 24, 2015.