Hewlett-Packard Admits To International Bribery and Money Laundering Schemes

Posted by samzenpus on Thursday April 10, 2014 @12:07AM from the was-that-wrong? dept.

First time accepted submitter CP (1315157) writes "Hewlett-Packard has admitted to [bribery and money laundering] in order to profiteer off of lucrative government contracts in Russia, Poland, and Mexico, according to court documents. HP's guilty plea carries with it a $108 million penalty — a combination of SEC penalties, as well as criminal fines and forfeitures paid out to the Department of Justice. Thus far no criminal charges have been brought against American HP executives. The multi-agency investigation, which was conducted by multi-national law enforcement partners, the FBI, IRS, and SEC, has revealed kleptocracies in the three foreign governments and corruption and dishonesty among HP corporate fat cats."

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US equivalent of Bribery Act by benjfowler · 2014-04-10 01:10 · Score: 4, Interesting

In the UK, we have a particularly strict law called the Bribery Act 2010, which is good, because it not only prohibits giving and receiving bribes to win business, but it also prohibits failing to prevent it.
Does America have anything even close? I suppose I shouldn't be surprised if they don't, because the US rent-seeker corporate Right would fight it tooth and nail.