HP Russia pleads guilty to FCPA violations

( September 11, 2014, 17:00 GMT | Official Statement) -- MLex Summary: The Russian subsidiary of Hewlett-Packard has pleaded guilty to violations of the Foreign Corrupt Practices Act and agreed to pay almost $59 million in fines to resolve charges. ZAO Hewlett-Packard was sentenced for bribing Russian officials with millions of dollars from a secret fund, in order to obtain a lucrative technology contract. In total, HP will pay $108 million in penalties to settle US probes into their subsidiaries in Russian, Mexico and Poland.Read the full statement below:...

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