California judge fines Hewlett-Packard $59 million for bribing Russian officials

[RandySF]

San Francisco (AFP) – A judge on Thursday ordered US computer giant Hewlett-Packard to pay $58.8 million for bribing Moscow government officials to win a big-money contract with Russia’s prosecutor general’s office.

Northern California US District Judge Lowell Jensen hit HP with the fine after the company pleaded guilty to violating anti-bribery and accounting provisions of the Foreign Corrupt Practices Act, the US Department of Justice said in a release.

According to a negotiated plea bargain, executives in an HP Russia subsidiary created a multi-million-dollar slush fund, from which money was used to bribe Russian officials who awarded the company a $45 million (35 million euro) contract with the Office of the Prosecutor General of Russia.

“Hewlett Packard’s Russia subsidiary used millions of dollars in bribes from a secret slush fund to secure a lucrative government contract,” principal deputy assistant attorney general Marshall Miller of the Justice Department’s Criminal Division said in a release.



http://www.rawstory.com/rs/2014/09/11/california-judge-fines-hewlett-packard-59-million-for-bribing-russian-officials/

[kelliekat44]

1. Why don't they arrest and imprison the guilty. Just a few long sentences might stop this stuff and

the rape of our economy. If "corporations are people" send the people to jail! And indict shareholders who vote for corporate CEO and other high ranking corporate officials as co-conspirators.

[Ron Green]

2. Bill and Dave are oscillating in their graves.