Russian authorities raid HP offices in Moscow


Russian authorities raid HP offices in Moscow

Warwick Ashford

Russian investigators working with German authorities have raided the Moscow offices of PC maker Hewlett-Packard to probe alleged bribery-linked to sales to a Russian government agency.

HP executives allegedly paid bribes of $10.9m in 2003 to win a $47.8m contract for equipment supplied in Russia through a German subsidiary, according to the Wall Street Journal.

The raid involved "an investigation of alleged conduct that occurred almost seven years ago, largely by employees no longer with HP," the company said.

"We are co-operating fully with the German and Russian authorities and will continue to conduct our own internal investigation," HP said.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy