Items tagged with kickbacks

One current and two former Hewlett-Packard employees have been named in a criminal bribery case brought on by German prosecutors. According to the indictment, a three-year investigation found that HP executives issued $10 million in kickbacks in order to secure a contract worth four and a half times as much with Russia's Prosecutor General Office. Why would Germany get involved? The three HP executives allegedly helped create a fund designed to funnel money to Russia through a German subsidiary, passing through a number of shell companies and accounts along the way. Those named in the indictment... Read more...
Uncle Sam doesn't like it when you try to pull one over on him, and that's something Hewlett Packard had to go and find out the hard way. After standing accused of offering kickbacks to systems integrator companies in exchange for recommending HP products to U.S. agencies, the OEM has agreed to fork over $55 million to put the whole incident in their rear view mirror, the Justice Department announced this week. "Contractors must deal fairly with the government when doing business with federal agencies," said U.S. assistant attorney general Tony West. "As this case demonstrates, we will take action... Read more...