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4/15/10

HP Faces Bribery Probe In Russia and Germany

Authorities in both Germany and Russia are investigating allegations that executives at Hewlett-Packard paid millions of dollars in bribes in order to secure an IT contract in Russia.

Prosecutors in the eastern German city of Dresden apparently sought the assistance of their Russian counterparts in order to search HP’s offices in Moscow, so that documents could be seized relating to suspicions that around 8 million euros ($10.9 million) in bribes was paid to win a contract, according to Reuters and other news outlets.

For more: HP Faces Bribery Probe In Russia and Germany | eWEEK Europe UK

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