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HP To Pay $108M To End International Graft Inquiry

wochit business
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April 09, 2014 AT 9:17 AM
Hewlett-Packard will pay the U.S. government $108 million to settle charges that former employees paid bribes to officials in Russia, Mexico and Poland. Hewlett-Packard Co. will make the payments to the U.S. Department of Justice and the Securities and Exchange Commission. The SEC says an HP division in Russia paid $2 million to make sure the company retained a contract with the federal prosecutor's office there.