Microsoft settles corruption charges over bribery scheme

Microsoft settles corruption charges over bribery scheme
https://www.foxnews.com/tech/microso...uption-charges

Microsoft said it would settle a federal corruption charge that it was
involved in an illegal bribery scheme in Hungary and pay $25 million in
fines to put the matter to rest.

The U.S. Securities and Exchange Commission said the Washington
state-based tech giant would pay approximately $16.6 million to settle
charges that several of its subsidiaries violated the Foreign Corrupt
Practices Act.

"According to the SEC's order, Microsoft's subsidiary in Hungary
provided discounts on software licenses to its resellers, distributors
and other third parties," the SEC said on its website. "Instead of
passing on the discounts to Microsoft's government customers, the
discounts were used to fund improper payments intended for foreign
government officials to secure software license sales for Microsoft."