HP employees indicted in German graft probe

Sep 20, 2012

Current and former Hewlett Packard employees have been indicted in Germany as part of a nearly three-year probe into bribes paid for a multimillion-euro Russian contract, the US firm said.

"The German Public Prosecutors Office has issued an indictment against a small number of individuals, including one current and some former HP employees," a company spokesman said Wednesday.

"HP itself is free of any charges," he said, adding that the company has been named as a "side participant" in the proceedings.

The naming of HP could expose the company to fines and other penalties if the court finds that the firm benefited from a crime, according to the , which first reported on the indictments.

The investigation concerns some eight million euros ($10 million) in paid from 2001 to 2006 to secure a 35-million-euro contract to provide equipment to the Russian Prosecutor General's office, through a German firm.

Germany and Russia launched the investigation in 2010. HP said it was "fully cooperating" with authorities.

Explore further: Smart Spending: Why investors are applauding Amazon earnings

add to favorites email to friend print save as pdf

Related Stories

Officials search HP office in Russia

Apr 15, 2010

(AP) -- Russian authorities have searched a Hewlett-Packard Co. office in Moscow in what one news report said was a bribery investigation.

Germany probes alleged kickbacks in HP deal

Apr 15, 2010

(AP) -- Three people who once worked for Hewlett-Packard Co. were arrested in an investigation of alleged kickbacks totaling euro8 million ($10.9 million) surrounding a deal to sell equipment to Russian authorities, German ...

Hewlett-Packard cooperating in int'l bribe probe

Aug 13, 2010

(AP) -- Hewlett-Packard Co. said Thursday it is cooperating with U.S. and German authorities investigating allegations that three company executives used bribes to win a contract to sell computer gear to the Russian prosecutors' ...

US widens probe of HP bribery allegations

Sep 10, 2010

(AP) -- U.S. investigators have widened their probe of alleged kickbacks paid to Russian authorities by employees of a Hewlett-Packard Co. subsidiary in Germany.

HP claims win in legal battle with Oracle

Aug 01, 2012

Hewlett-Packard declared victory Wednesday in a legal dispute in which it accused business software titan Oracle of reneging on a contract to use HP servers.

Recommended for you

Airbnb to expand tax collection efforts

8 hours ago

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

9 hours ago

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

16 hours 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

Jan 29, 2015

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.

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.