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Issue #1656      September 17, 2014

Hewlett-Packard pleads guilty

Computing giant Hewlett-Packard has pleaded guilty to felony charges that its employees bribed Russian government officials for a contract.

The company was fined US$58.7 million after Hewlett-Packard’s Russian subsidiary admitted violating the Foreign Corrupt Practices Act (FCPA), the US Department of Justice said.

The department alleged that the HP division had paid US$2 million to retain a technology contract with Russian prosecutors.

“In a brazen violation of the FCPA, Hewlett-Packard’s Russia subsidiary used millions of dollars in bribes from a secret slush fund to secure a lucrative government contract,” said principal deputy assistant attorney general Marshall Miller.

“Even more troubling was that the government contract was with Russia’s top prosecutor’s office.”

The plea and sentence were part of a larger agreement reached in April.

HP agreed to pay a total of US$108 million in criminal and civil penalties for bribing officials in Russia, Mexico and Poland.

Morning Star

Next article – Report on MH17 “not worth the paper it’s written on”

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