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HP being investigated by German and Russian authorities over bribes, says WSJ

By | April 14, 2010, 6:07pm PDT

Hewlett-Packard executives are reportedly being investigated by German and Russian authorities for paying out millions of dollars in bribes, according to the Wall Street Journal.

The Journal reported that German prosecutors are investigating whether HP executives paid out $10.9 million in bribes to win a contract to sell hardware to the prosecutor general of the Russian Federation.

The report cited “people familiar with the matter” and a statement on the Russian prosecutor’s site. A Google Translate version of the Russian prosecutor office didn’t show any mentions of HP. HP is cooperating with the investigation.

This investigation sounds like it could be messy and allegedly involves various shell companies across the globe, said the Journal, which cited documents it reviewed.

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Wall Street Journal, Hewlett-Packard Co., Bribe, Prosecutor, Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.

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Larry Dignan

Larry Dignan has nothing to disclose. He doesn’t hold investments in the technology companies he covers.

Biography

Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

For daily updates, follow Larry on Twitter.

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Where's mine?
terry flores 15th Apr 2010
On a more serious note, didn't HP hire some execs from Siemens who were found doing exactly the same thing? Did HP think that was a job qualification? Of course firing the people involved would be tantamount to a confession, so that won't happen either.
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Bribes aren't the only thing
MacCanuck 15th Apr 2010
HP has been accused of doing...

Fraud in Canada

http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/1084546724028_79955924/?hub=TopStories
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Where's mine?
terry flores 15th Apr 2010
On a more serious note, didn't HP hire some execs from Siemens who were found doing exactly the same thing? Did HP think that was a job qualification? Of course firing the people involved would be tantamount to a confession, so that won't happen either.

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