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California judge fines Hewlett-Packard $59 million for bribing Russian officials
http://www.rawstory.com/rs/2014/09/11/california-judge-fines-hewlett-packard-59-million-for-bribing-russian-officials/California judge fines Hewlett-Packard $59 million for bribing Russian officials
By Agence France-Presse
Thursday, September 11, 2014 21:07 EDT
San Francisco (AFP) – A judge on Thursday ordered US computer giant Hewlett-Packard to pay $58.8 million for bribing Moscow government officials to win a big-money contract with Russia’s prosecutor general’s office.
Northern California US District Judge Lowell Jensen hit HP with the fine after the company pleaded guilty to violating anti-bribery and accounting provisions of the Foreign Corrupt Practices Act, the US Department of Justice said in a release.
According to a negotiated plea bargain, executives in an HP Russia subsidiary created a multi-million-dollar slush fund, from which money was used to bribe Russian officials who awarded the company a $45 million (35 million euro) contract with the Office of the Prosecutor General of Russia.
“Hewlett Packard’s Russia subsidiary used millions of dollars in bribes from a secret slush fund to secure a lucrative government contract,” principal deputy assistant attorney general Marshall Miller of the Justice Department’s Criminal Division said in a release.
