Computer maker Hewlett-Packard Co. acknowledged in a securities filing Thursday that U.S. authorities are investigating allegations that H-P employees paid bribes in Russia to secure government contracts, adding that prosecutors have expanded the probe by requesting information about other transactions in former Soviet republics.
The U.S. Justice Department and the Securities and Exchange Commission, the company said, have asked for information about “certain governmental and quasi-governmental transactions in Russia and in the Commonwealth of Independent States subregion dating back to 2000.”
German prosecutors have been examining whether several employees at H-P’s former German unit paid bribes to win a five-year, £35 million deal to install a computer network in Russia’s Chief Public Prosecutor’s Office.
H-P also said German prosecutors have expanded their inquiry and have asked for information about several other, “non-public sector” transactions from 2006 that involve some of the same individuals that handled the Russian deal.
German authorities are exploring allegations of bribery, embezzlement and tax evasion charges, the company said.
H-P said it is cooperating with the agencies on the investigation. Gibson, Dunn & Crutcher LLP is representing the company in the probe.
The Wall Street Journal previously reported the probe, but today’s filing marks the first formal acknowledgment from the company of the U.S. inquiry, and identifies new areas of interest for the investigation.
[...] maker Hewlett-Packard Co. had disclosed it is under investigation for potential bribery in Russia and elsewhere. the Armonk, N.Y.-based IBM has not [...]
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