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Hewlett Packard execs face bribery charges

The Local · 20 Sep 2012, 09:20

Published: 20 Sep 2012 09:20 GMT+02:00

"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 Wall Street Journal, which first reported on the indictments.

The investigation concerns some €8 million ($10 million) in kickbacks 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.

Story continues below…

AFP/bk

The Local (news@thelocal.de)

Your comments about this article

11:45 September 20, 2012 by raandy
Bribery, graft and corruption any other old news?
15:06 September 20, 2012 by Berlin fuer alles
Yes Raandy there probably is. I am sure there are hookers blended into the equation somewhere.
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