HP Executives Under Investigation for Russian Bribery Charges

HP is currently under investigation by both Russian and German authorities for bribery. Allegedly, HP paid a bribe of about $10.9 million to the Russian office of the prosecutor general to ensure a $47.8 million contract. The Germans involved themselves due to the suggestion that the equipment was sold through one of HP's German subsidiaries.

The office of the prosecutor general is assigned criminal prosecution in Russia, and the Wall Street Journal is quick to point out that many of those...

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Published on April 15, 2010 05:04
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