Accenture settles US fraud claims for $63.7 million

Sep 12, 2011
The Accenture sign is seen outside their Reston, Virginia, offices. Global accounting giant Accenture has agreed to pay $63.7 million to settle a lawsuit alleging that it defrauded the US government, US officials said on Monday.

Global consulting giant Accenture has agreed to pay $63.7 million to settle a lawsuit alleging that it defrauded the US government, US officials said on Monday.

"Accenture has agreed to resolve allegations that it received kickbacks for its recommendations of hardware and software to the government," the US Department of Justice said in a statement.

The firm also "fraudulently inflated prices and rigged bids in connection with federal information technology contracts," the statement said.

The lawsuit was brought against Accenture in the southern state of Arkansas by two whistleblowers who are entitled to receive part of the settlement under a US law designed to help ferret out fraud in government contracting.

Accenture, which employs more than 223,000 people around the world and had more than $21 billion in revenues last year, is one of the world's largest technology outsourcing and management consulting companies.

Explore further: Amazon surprises with $214 mln quarterly profit

add to favorites email to friend print save as pdf

Related Stories

HP reaches settlement with DOJ in kickbacks case

Aug 03, 2010

(AP) -- Hewlett-Packard Co. said Monday that it has agreed in principle to settle a lawsuit by the Department of Justice, which alleged that HP and other technology companies paid kickbacks to Accenture PLC in exchange for ...

Poll: Public clueless about IPTV

Mar 21, 2006

Internet protocol TV has a significant potential market in several Western countries, despite a recent poll showing many people have no idea what it is. The prediction and the poll both come from Accenture, an international ...

US files complaint against EMC

Mar 03, 2009

The US Justice Department announced that it has filed a complaint against EMC Corp. over contracts the information management and storage giant secured with the US government.

Oracle to pay $46 mln to settle Sun case

Jan 31, 2011

Oracle has agreed to pay $46 million to settle claims that Sun Microsystems, which it acquired last year, submitted false claims to US agencies, the US Justice Department said on Monday.

Recommended for you

How can Google snap its stock out of its stupor?

1 hour ago

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

Amazon surprises with profit despite fierce spending

11 hours ago

Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for pouring money into projects such as original video programs and delivery drones.

Smartphone Snapshot: Samsung getting squeezed

12 hours ago

The runaway success of Apple's newest iPhone has fueled a dramatic shift in the global market: the California tech giant is now neck-and-neck with South Korea's Samsung for the title of world's leading seller ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.