HP sanctioned in the US for bribing officials and ...

HP sanctioned in the US for bribing officials and …

April 10, 2014

Hewlett-Packard HP

Hewlett-Packard agrees to pay $ 108 million to close an investigation opened by the US Department of Justice and the Wall Street regulator, for bribing officials in Mexico, Russia and Poland to win lucrative public contracts in those three countries. In addition, you must strengthen internal controls to prevent them from recurring.

These payments violate legislation that prosecutes corruption abroad. In the case of Mexico, the HP subsidiary in the country broke the guidelines and in February 2009 disbursed 1.4 million to a consultant linked to the publicly owned oil company Pemex, to sell software and services. The technology contract he got is valued at about six million.

via HP sanctioned in the US for bribing officials in Mexico, Russia and Poland | Economy | THE COUNTRY.

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