Thursday, April 15, 2010

Officials Search HP Office in Russia

Russian authorities have searched a Hewlett-Packard Co. office in Moscow in what one news report said was a bribery investigation.

HP confirmed the search but wouldn't provide further details.

Russian prosecutors said in a statement the investigation was carried out at the request of German authorities but didn't elaborate.

The Wall Street Journal, citing unnamed sources, said the probe centers on whether HP representatives paid millions of dollars in bribes to win a contract to sell computer equipment through a German subsidiary to Russian prosecutors.

HP, based in Palo Alto, Calif., is the world's No. 1 personal computer maker.

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