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Browse: Home / 2010 / April / 21 / U.S. Joins International Bribery Probe of Hewlett-Packard

U.S. Joins International Bribery Probe of Hewlett-Packard

By Amanda Harding on April 21, 2010, 10:40 pm

The DOJ and the SEC have reportedly joined German and Russian regulators in a bribery probe of Hewlett-Packard. The Wall Street Journal reported Friday that the purpose of the investigation is to determine whether H-P executives paid millions of dollars to bribe Russian officials in order to win a contract with Russia.

German regulators are investigating whether H-P used German middlemen to send funds to Russia.  U.S. authorities are looking into whether H-P violated the FCPA in the alleged transactions. The WSJ reports that the inquiry is “the most significant probe in years” of possible bribery by a U.S. company in Russia.

Read The Wall Street Journal article

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Posted in Global | Tagged FCPA, Investigations

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