Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Hewlett Packard execs face bribery charges

Share this article

Hewlett Packard execs face bribery charges
Photo: DPA
09:20 CEST+02:00
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 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.

AFP/bk

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

'How I landed my dream job working at an international NGO'

Two MBA graduates from EMLYON Business School explain how their studies helped them to land their dream jobs working for international organisations.