PALO ALTO — Hewlett-Packard Co. reported Monday that it may be close to settling investigations with the U.S. Securities and Exchange Commission and the Department of Justice concerning possible violations of the Foreign Corrupt Practices Act in connection with a Russian technology contract.
The government probes focus on a technology deal between a former HP subsidiary in Germany and the Russian General Prosecutor’s Office. HP and some current and former employees allegedly paid nearly $11 million in bribes to win the IT network contract.
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