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H-P settling DOJ/SEC bribery probes for $108M

Apr. 09, 2014 1:11 PM ETHP Inc. (HPQ) StockBy: Eric Jhonsa, SA News Editor2 Comments
  • H-P (NYSE:HPQ +0.6%) is paying $108M to settle long-running DOJ and SEC probes related to potential violations of the Foreign Corrupt Practices Act. The IT giant will also "undertake certain compliance, reporting and cooperation obligations."
  • Poland's interior minister mentioned overnight H-P is ready to admit to engaging in "corrupt activities" in his country. In addition to Poland, the DOJ/SEC have been probing H-P's activities in Russia, Mexico, and other countries.
  • German authorities have carried out a separate investigation over a Russian transaction that has led two former H-P employees to be indicted.

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