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Criminal

Sep. 13, 2014

HP pleads guilty and will pay $59 million fine

Hewlett-Packard Co.'s Russian subsidiary bribed Russian government officials to win big technology contracts and will pay a $59 million fine, the U.S. attorney's office in San Francisco announced Thursday.

By John Roemer
Daily Journal Staff Writer

SAN FRANCISCO - Hewlett-Packard Co.'s Russian subsidiary bribed Russian government officials to win big technology contracts and will pay a $59 million fine, the U.S. attorney's office here announced Thursday.

U.S. District Judge D. Lowell Jensen of San Jose took the company's guilty plea to conspiracy and violations of the Foreign Corrupt Practices Act. Jensen levied the fine. Hewlett Packard Russia created a slush fund ove...

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