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

 

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Ivan Castilho is a citizen of the world; CEO at Mindfield Digital and Executive Director at AppleMagazine, and Techlife News. Ivan's been an avid Apple user and consumer since 2008, with a major in Marketing and extensive experience in strategic management and consulting for tech companies. Hobbies include photography, design, and music.