Technology Hardware, Storage and Peripherals
Company Overview of ZAO Hewlett-Packard AO
ZAO Hewlett-Packard AO provides products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. The company was founded in 1994 and is based in Moscow, Russia. The company operates as a subsidiary of Hewlett-Packard Company.
52, Korp.1, Nab.Kosmodamianskaya
Founded in 1994
Key Executives for ZAO Hewlett-Packard AO
Compensation as of Fiscal Year 2014.
ZAO Hewlett-Packard AO Key Developments
ZAO Hewlett-Packard A.O. Pleads Guilty to Felony Violations of the Foreign Corrupt Practices Act for Bribing Russian Government Officials to Secure Large Technology Contract
Sep 11 14
ZAO Hewlett-Packard A.O. pleaded guilty to felony violations of the Foreign Corrupt Practices Act (FCPA) and was then sentenced for bribing Russian government officials to secure a large technology contract with the Office of the Prosecutor General of the Russian Federation. Principal Deputy Assistant Attorney General Marshall L. Miller of the Justice Departments Criminal Division, U.S. Attorney Melinda Haag of the Northern District of California, Assistant Director in Charge Andrew G. McCabe of the FBIs Washington Field Office and Chief Richard Weber of the Internal Revenue Service Criminal Investigation (IRS-CI) made the announcement. HP Russia pleaded guilty this morning before U.S. District Judge D. Lowell Jensen of the Northern District of California to conspiracy and substantive violations of the anti-bribery and accounting provisions of the FCPA. According to the plea agreement, HP Russia executives created a multimillion dollar secret slush fund, at least part of which was used to bribe Russian government officials who awarded the company a contract valued at more than 35 million. At the conclusion of the plea proceeding, the court sentenced HP Russia to pay a $58,772,250 fine. In a brazen violation of the FCPA, Hewlett Packards Russia subsidiary used millions of dollars in bribes from a secret slush fund to secure a lucrative government contract, said Principal Deputy Assistant Attorney General Miller. Even more troubling was that the government contract up for sale was with Russia's top prosecutors office. Tech companies, like all companies, must compete on a level playing field, not resort to secret books and sham transactions to hide millions of dollars in bribes. The Criminal Division has been at the forefront of this fight because when corruption takes hold overseas, American companies and the rule of law are harmed.
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