HP to pay $108 million over foreign bribery charges

The DOJ and SEC claimed the company bribed foreign officials in Russia, Poland and Mexico

Hewlett-Packard (HP) is a global company, and according to the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC), its bribery extended worldwide as well. And now, the company will pay nine figures to resolve Foreign Corrupt Practices Act (FCPA) allegations.

HP will pay $108 million in fines after the U.S. government alleged bribery in Mexico, Russia and Poland. As part of the deal, HP will pay $74.2 million to settle the DOJ’s probe and $29 million in disgorgement to the SEC, the 10th largest disgorgement of all-time.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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