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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." |
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