Wednesday, April 9, 2014

Article: HP to acknowledge "corrupt" activities in Poland

Article sources: http://seekingalpha.com/news/1666223-h-p-to-admit-corruption-in-poland-interior-minister
http://www.reuters.com/article/2014/04/09/poland-hp-idUSW8N0MG01L20140409


Hewlett-Packard (HPQ) is set to acknowledge today that it has engaged in "corrupt activities in Poland," the country's interior minister has said.

Poland interior minister, Barlomiej Sienkiewicz said, "I confirm that it's goin to happen today. It's a breakthrough moment in Poland when a great international company acknowledges its corrupt activities in Poland".

The interior minister also stated that Poland's Central Anti-Corruption Bureau has cooperated with the FBI and SEC on the issue, but did not state whether HP would be prosecuted.

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UPDATE:  Source: http://www.reuters.com/article/2014/04/09/us-poland-hp-idUSBREA380EZ20140409

Polish prosecutors alleged on Wednesday that a local executive with U.S. firm Hewlett-Packard Co. paid bribes worth over $500,000 in exchange for help winning contracts to supply computer equipment to the Polish police headquarters.







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