bribery

Channelinsight, a Salesforce.com for B2B, Lands $10 Million From Rho Ventures

Arik Hesseldahl in Enterprise on April 20, 2011 at 6:30 am PT

The Denver-based company, which aims to do for indirect business-to-business sales what Salesforce.com did for direct sales, lands a Series C led by Rho Ventures.

IBM Pays $10 Million To Settle SEC Allegations of Bribery in China, South Korea

Arik Hesseldahl in Enterprise on March 18, 2011 at 10:49 am PT

Big Blue gave officials in South Korea and China, cash, gifts, trips and free computers, the SEC says. Without admitting wrongdoing IBM has paid to settle the case.

Voices

Germany Probes Telecom Chief

David Crawford and Laura Stevens, Reporters, The Wall Street Journal in News on September 16, 2010 at 12:30 am PT

German prosecutors said Wednesday they have begun their own investigation into the role of Deutsche Telekom AG employees—including the company’s chief executive, René Obermann—in the alleged bribery and coercion of government officials in Macedonia and Montenegro.

HP in Deep Duty

John Paczkowski in News on May 5, 2010 at 3:00 pm PT

Hewlett-Packard is running into quite a bit of trouble abroad these days. First, allegations of bribery in Russia, and now claims of customs evasion in India. That country’s Directorate of Revenue Intelligence this week claimed that HP ducked some $322 million in customs duties.

Voices

U.S. Joins Bribery Probe of H-P Executives

David Crawford and Dionne Searcey, Reporters, The Wall Street Journal in News on April 15, 2010 at 5:25 pm PT

The U.S. has joined German and Russian authorities in investigating whether Hewlett-Packard Co. executives paid millions of dollars in bribes to Russian officials to win a contract in Russia, according to people familiar with the matter. The U.S. Securities and Exchange Commission and Justice Department are investigating whether H-P committed any violations of the Foreign Corrupt Practices Act, these people said, as part of a widening probe into the company’s activities.

Voices

H-P Executives Face Bribery Probes

David Crawford, Reporter, The Wall Street Journal in News on April 15, 2010 at 8:00 am PT

German and Russian authorities are investigating whether Hewlett-Packard Co. executives paid millions of dollars in bribes to win a contract in Russia, according to people familiar with the matter.