Become a fan of Slashdot on Facebook

 



Forgot your password?
typodupeerror

Slashdot videos: Now with more Slashdot!

  • View

  • Discuss

  • Share

We've improved Slashdot's video section; now you can view our video interviews, product close-ups and site visits with all the usual Slashdot options to comment, share, etc. No more walled garden! It's a work in progress -- we hope you'll check it out (Learn more about the recent updates).

×
Crime Government HP The Almighty Buck

Hewlett-Packard Admits To International Bribery and Money Laundering Schemes 139

Posted by samzenpus
from the was-that-wrong? dept.
First time accepted submitter CP (1315157) writes "Hewlett-Packard has admitted to [bribery and money laundering] in order to profiteer off of lucrative government contracts in Russia, Poland, and Mexico, according to court documents. HP's guilty plea carries with it a $108 million penalty — a combination of SEC penalties, as well as criminal fines and forfeitures paid out to the Department of Justice. Thus far no criminal charges have been brought against American HP executives. The multi-agency investigation, which was conducted by multi-national law enforcement partners, the FBI, IRS, and SEC, has revealed kleptocracies in the three foreign governments and corruption and dishonesty among HP corporate fat cats."
This discussion has been archived. No new comments can be posted.

Hewlett-Packard Admits To International Bribery and Money Laundering Schemes

Comments Filter:
  • by benjfowler (239527) on Thursday April 10, 2014 @09:10AM (#46712985)

    In the UK, we have a particularly strict law called the Bribery Act 2010, which is good, because it not only prohibits giving and receiving bribes to win business, but it also prohibits failing to prevent it.

    Does America have anything even close? I suppose I shouldn't be surprised if they don't, because the US rent-seeker corporate Right would fight it tooth and nail.

"Life sucks, but it's better than the alternative." -- Peter da Silva

Working...