Items tagged with bribes
HP is smarting from a $108 million fine today, thanks to a guilty plea it entered in a San Francisco federal court. HP and its subsidiaries were accused of paying bribes to officials and businesses in Mexico, Poland, and Russia to buy lucrative contracts. The fine wraps up the settlement, which was announced in April. HP has since jettisoned the people it believes were involved in the bribes. HP Z1 Workstaion The bribes reportedly involved contracts with a police agency and an oil company, among other foreign government-controlled organizations. HP was accused of making payments – sometimes cloak and dagger affairs with secret meeting and actual bags of cash – to corrupt officials....
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If you picture an HP executive as a straight-laced person in a conservative suit, it’s time to shake up that image, because three HP subsidiaries--in Russia, Poland, and Mexico--have spent years bribing government officials in those respective countries to snag lucrative contracts. "Hewlett-Packard subsidiaries created a slush fund for bribe payments...employed two sets of books to track bribe recipients, and used anonymous email accounts and prepaid mobile telephones to arrange covert meetings to hand over bags of cash," said Deputy Assistant Attorney General Bruce Swartz in a statement. Securities and Exchange Commission (Credit: Wikipedia/AgnosticPreachersKid In Russia, the HP subsidiary...
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