Business

HP to pay $108M to end international graft inquiry

Former Hewlett-Packard workers were accused of bribing officials in Russia, Mexico, and Poland.
Former Hewlett-Packard workers were accused of bribing officials in Russia, Mexico, and Poland.Reuters/2013 file

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NEW YORK — 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.

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. A Mexican subsidiary paid $1 million to secure a software sale to the country’s state-owned oil company, while $600,000 in gifts and bribes were paid to a Polish government official to win contracts with the national police agency.

The SEC says each scheme lasted for years, and that HP’s internal controls weren’t strong enough to stop the illegal payments.

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