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April 28, 2017

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HP to pay US gov't US$108 million to end its international graft inquiry

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

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

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