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HP's Moscow Offices Raided In Bribery Probe

Posted by Soulskill on from the hey-those-printer-cartridges-are-expensive dept.

FrankPoole writes "Hewlett-Packard's Moscow offices were raided Wednesday as part of a bribery investigation by Russian and German authorities. The news was first reported by The Wall Street Journal [currently paywalled; Reuters also covered it], which wrote that HP is suspected of allegedly paying out nearly $11 million in bribes to secure a major Russian government contract several years ago via a German subsidiary. Ironically, the contract was with the Prosecutor General's office of the Russian Federation, which will now play a role in investigating HP. While HP knew of the investigation as far back as December, the company did not disclose the information in any SEC filings. Instead, in its most recent quarterly report, HP states that in foreign nations 'it is common to engage in business practices that are prohibited by laws and regulations.'"

5 of 106 comments (clear)

  1. Apparently... by Anita+Coney · · Score: 2, Funny

    They didn't pay enough.

    --
    If someone says he and his monkey have nothing to hide, they almost certainly do.
    1. Re:Apparently... by e2d2 · · Score: 2, Funny

      Damn it you beat me to it. I was gonna ask if they paid a bribe or if they failed to pay one. The article doesn't make it clear.

  2. Re:There's just so much about this... by Eternauta3k · · Score: 2, Funny
    I specially love this:

    HP states that in foreign nations 'it is common to engage in business practices that are prohibited by laws and regulations

    Thank god they specified foreign nations, cause in the US that'd be wrong

    --
    Yeah. Would you choose a neurosurgeon who pokes around people's brains in his spare time? I wouldn't.
  3. Re:Necessity (Re:Apparently...) by Anita+Coney · · Score: 1, Funny

    Russia is basically a third world country with nukes.

    --
    If someone says he and his monkey have nothing to hide, they almost certainly do.
  4. Re:I wonder if this will lead up to the CEO? by Jaysyn · · Score: 2, Funny

    Oh you mean the one that is running for Senate?

    http://carlyforca.com/

    If California elects that crooked bitch, they'll get exactly what they deserve.

    --
    There is a war going on for your mind.