Regulators Probe Bribery Allegations Aimed at Microsoft

Wednesday, 20 Mar 2013 12:05 PM

By Lisa Barron

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Federal regulators have launched a probe into allegations that Microsoft bribed government officials in at least three countries to get software contracts, according to the Wall Street Journal.

Lawyers from the Justice Department and the Securities and Exchange Commission are reportedly investigating the allegations of kickbacks made by a former Microsoft representative in China, as well as the company's relationship with certain resellers and consultants in Romania and Italy, the Journal reported Wednesday.

Under the Foreign Corrupt Practices Act of 1977, American companies and companies that trade on U.S. stock exchanges are prohibited from paying bribes to foreign officials.

The government reportedly has not, however, filed charges of wrongdoing against Microsoft or any of its business associates.

"Like every large company with operations around the world we sometimes receive allegations about potential misconduct by employees or business partners," John Frank, Microsoft's vice president and deputy general counsel, told the newspaper.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Report: Health Risks High to Child Tobacco Workers

Wednesday, 17 Sep 2014 07:40 AM

Many children are spending their summer holidays working in tobacco fields where the hours are long and the dangers of e . . .

Anheuser-Busch to NFL: This Bud's Not for You

Wednesday, 17 Sep 2014 07:27 AM

NFL mega-advertiser Anheuser-Busch says it remains "disappointed" with how the league has dealt with a rash of domestic  . . .

Blacks, Hispanics Have Doubts About Media Accuracy

Wednesday, 17 Sep 2014 06:31 AM

A new study shows a large majority of African-American and Hispanic news consumers don't fully trust the media to portra . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved