HP Faces A $58 Million Fine For A Corruption Case In Russia

The American company Hewlett-Packard (HP) has admitted charges according to which former employees of the group have given bribes to authorities in Russia in 2003, in exchange for obtaining an agreement. The company agreed to pay a fine of $58.7 million, imposed by a Court of the United States, reports ABC News.

US prosecutors have accused the HP division from Russia for providing bribes of $2 million for getting a contract. “ the HP subsidiary from Russia violated federal law on good practice and had used millions of dollars in bribes for the Russian authorities in order to secure a very profitable government contract” said an official of the Californa Court, where the trial took place.

It seems that this HP subsidiary created a secret fund worth million of dollars and the contract they obtained was worth 35 million and it involved the Russian Minister of Justice.

The sentence that mentions the payment of a fine of $ 58.7 million by the American group is part of a more extensive agreement reached by HP and American authorities in April.

HP agreed to pay 108 million dollars for bribing officials in Russia, Mexico and Poland.

A spokesman of the American company, John Schultz, explained in April that only few employees were involved in these corruption actions and that those people no longer work for HP.