Alva Review-Courier -

Microsoft pays $25 million to settle corruption charges

 


NEW YORK (AP) — Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in Hungary and other foreign offices.

The U.S. Securities and Exchange Commission said Microsoft will pay about $16.6 million to settle charges that it violated the Foreign Corrupt Practices Act. While the case centered on Hungary, the SEC said it also found improprieties at Microsoft offices in Saudi Arabia, Thailand and Turkey.

The Justice Department said Microsoft will also pay an $8.75 million criminal fine stemming from the Hungarian bid-rigging and bribery scheme...



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