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MAKING IT RAIN

HP Bribed Russian Legal Officials

Fined $58.8 million.

cheats/2014/09/12/hp-bribed-russian-legal-officials/140912-hp-bribe-cheat_l4c8nb

Stephen Lam/Reuters

Hewlett-Packard was ordered to pay $58.8 million in fines by a judge on Thursday for bribing government officials in Russia. An HP Russia subsidiary had created a multimillion-dollar slush fund to bribe Russian officials in return for a contract with Russia’s prosecutor general. The plea deal was part of a larger one, costing the company $108 million for paying bribes for contracts in Russia, Poland, and Mexico. “For more than a decade, HP Russia business executives participated in an elaborate scheme that involved paying bribes to government officials in exchange for large contracts,” the FBI said.

Read it at The Economic Times

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