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Russian authorities raid HP offices in Moscow

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

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.

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