On 9 April 2014, the Securities and Exchange Commission ("SEC") charged Hewlett-Packard with violating the Foreign Corrupt Practices Act ("FCPA") when its subsidiaries in three different countries made improper payments to government officials to obtain or retain lucrative public contracts. The SEC order finds that the schemes were executed through various Hewlett-Packard subsidiaries over the course of several years. Hewlett-Packard has agreed to pay more than $108 million to settle the SEC's charges.
The full text of the SEC order is available at: http://www.sec.gov/litigation/admin/2014/34-71916.pdf.
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