GO
Loading...

HP's Moscow Offices Raided Over Bribe Claim

The offices of Hewlett-Packard in Moscow were raided by Russian investigators on Thursday looking into alleged bribery involving a sale of equipment to a Russian government agency.

Though the U.S. computer company confirmed the raid it refused to comment on the details of the case, which has threatened to cast a cloud over its position in an important emerging technology market.

In a statement, HP said that the raid involved “an investigation of alleged conduct that occurred almost seven years ago, largely by employees no longer with HP”.

The case, which was launched by investigators in Germany and has since been expanded to include Russian authorities, concerns a contract for HP equipment signed in 2003.

“We are cooperating fully with the German and Russian authorities and will continue to conduct our own internal investigation,” the US company added.

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Europe Video