In three separate schemes in Russia, Poland and Mexico, employees of Hewlett-Packard Co. bribed foreign government officials with bags full of hundreds of thousands of dollars in cash, set up slush funds to facilitate kickbacks, created webs of shell companies, and hid it all from official books and records. The Palo Alto-based company will pay $108 million in criminal and civil penalties, disgorgement and forfeiture in one of the largest recoveries for Foreign Corrupt Practices Act violations in the Northern District of California in recent years. Todays resolution with HP reinforces the fact that there is no double standard: U.S. businesses must respect the same ethics and compliance standards whether they are selling products to foreign governments or to the United States government, Northern District U.S. Attorney Melinda Haag said in a statement. Say it isnt so - corporations commit crimes? The above quote is from an article by Hadley Robinson titled HP to pay $108M over bribery case that was published in the April 10, 2014 edition of the Los Angeles Daily Journal.
Posted on: Fri, 11 Apr 2014 18:47:48 +0000
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