The following appears on USAToday.com
Hewlett-Packard’s Russia subsidiary pleaded guilty Thursday to paying bribes to foreign officials, concluding the last of a trio of foreign corruption settlements that cost the giant computer company $108 million in criminal and regulatory penalties.
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The guilty plea, entered in San Francisco federal court, resolved a long-running government investigation and came after the company and the Justice Department reached a plea agreement in April. HP Russia pleaded guilty to violations of the Foreign Corrupt Practices Act (FCPA) and was sentenced to pay a $58.8 million fine, according to a statement from the office of U.S. Attorney Melinda Haag of the Northern District of California.
The subsidiary admitted its executives bribed Russian government officials to win a large technology agreement with the Office of the Prosecutor General of the Russian Federation, a contract that was announced in 1999, the Justice Department said. Illegal payments to Russian officials continued for more than a decade.
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