Friday, August 13, 2010

U.S. Investigating Allegations of Bribery by Hewlett-Packard in Russia

According to the Wall Street Journal, the U.S. Department of Justice has issued a subpoena to U.S. computer maker Hewlett-Packard for records of Russia-related transactions. According to the German prosecutor’s office, HP paid over $10 million in bribes to acquire a $44 million contract to sell computer technology to the office of general prosecutor of the Russian Federation. Both Russian and German prosecutors had turned to their U.S. counterparts to provide assistance on establishing the identify the ultimate beneficiaries of the funds.

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