Technology giant Hewlett-Packard has agreed to pay $108 million and take on various reporting and compliance obligations to settle charges by the Securities and Exchange Commission and the Department of Justice regarding potential violations of the Foreign Corrupt Practices Act, Reuters reports.
The DOJ and the SEC have been investigating Hewlett-Packard’s conduct in several countries, including Russia, Poland and Mexico and have discovered that the company’s subsidiaries made improper payments to government officials to gain or retain public contracts.
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