The legal system's engines can take awhile to get churning, but there's no questioning the impact when they're at full bore. German prosecutors have wrapped up an almost three-year investigation into allegations of HP managers' bribery by charging the executives involved. Hilmar Lorenz, Päivi Tiippana and Ken Willett, along with claimed accomplice Ralf Krippner, have all been indicted for supposedly funneling €7.5 million ($9.7 million) in bribes through a German subsidiary and far-flung shell accounts to land a €35 million ($45.3 million) PC supply deal with Russia's Prosecutor General Office early in the previous decade. While only the people directly attached to the scandal currently face any consequences if found guilty, German lawyers are motioning to have the PC builder attached to the case, and there's a chance the formal charges could fuel an ongoing US investigation. HP is cooperating even as it's trying to distance itself from the indictments as much as possible -- these are for old allegations and a "former HP company," it says. While we don't yet know the whole story, it may be a protracted tale knowing that at least Tiippana and Willett plan to fight the accusations.
Filed under: Desktops, Laptops
German prosecution charges HP staff with bribing Russian officials to clinch PC contract originally appeared on Engadget on Thu, 20 Sep 2012 10:41:00 EDT. Please see our terms for use of feeds.
Permalink 
Forbes |
Wall Street Journal |
Email this |
Comments
Saudi Arabia is in the midst of a crackdown on alleged corruption, and its dragnet has caught one of the tech world's most important investors: the country has arrested Prince al-Waleed bin Talal over money laundering charges. He has major stakes in...
Following his arrest, Samsung Vice-Chairman Lee Jae-yong will be indicted on charges of bribery, embezzlement and two other crimes, according to Bloomberg and The Wall Street Journal. It's the start of legal proceedings that could put Lee in jail for...
Samsung just dodged a bullet... for a while, anyway. A South Korean court has dismissed a warrant to arrest the company's Vice Chairman and de facto leader, Lee Jae-yong, in an investigation alleging that Samsung paid the President's scandal-ridden c...
Samsung's past several months have been pretty lousy, but they're about to get much, much worse. South Korean prosecutors have announced that they're seeking a warrant to arrest Samsung Vice Chairman Lee Jae-yong (aka Jay Y. Lee), the electronics gia...
South Korea is currently embroiled in a massive corruption scandal: President Park Geun-hye is facing impeachment after word broke that her 'friend,' Choi Soon-sil, had cult-like control over Park that included access to sensitive info and forced don...
Yesterday, a coalition of journalists across the world launched the Panama Papers, a project to uncover the dirty secrets of the rich and powerful. An anonymous source provided reporters at the German newspaper Süddeutsche Zeitung with a 2.6TB d...
You'd think that a former Secret Service agent caught stealing Bitcoins during the Silk Road case would know better than to try to elude authorities, but apparently that isn't the case. Ex-investigator Shaun Bridges was re-arrested January 29th after...
