HP to Pay $108M to End International Graft Inquiry

HP HQ

Hewlett-Packard will pay the U.S. government $108 million to settle charges that former employees paid bribes to officials in Russia, Mexico and Poland.

Hewlett-Packard Co. will make the payments to the U.S. Department of Justice and the Securities and Exchange Commission.

The SEC says an HP division in Russia paid $2 million to make sure the company retained a contract with the federal prosecutor’s office there. A Mexican subsidiary paid $1 million to keep a contract with the country’s state-owned oil company, while $600,000 in gifts and bribes were paid to a Polish official to win contracts with the police.

HP’s general counsel, John Schultz, said the misconduct was limited to a small number of people who are no longer with the company. HP is based in Palo Alto, Calif.

Associated Press

 

Tagged:
About the Author

News content on AppleMagazine.com is produced by our editorial team and complements more in-depth editorials which you’ll find as part of our weekly publication. AppleMagazine.com provides a comprehensive daily reading experience, offering a wide view of the consumer technology landscape to ensure you're always in the know. Check back every weekday for more.

Editorial Team | Masthead – AppleMagazine Digital Publication