Microsoft Corp agreed to pay more than US$25 million, including an US$8.75 million criminal fine imposed on its Microsoft Hungary unit, to settle U.S.
NEW YORK: Microsoft Corp agreed on Monday to pay about US$25.3 million, including a criminal fine, to settle U.S. charges it made improper payments that were used to bribe government officials in Hungary and other countries.
Both settlements resolved charges that Microsoft violated the federal Foreign Corrupt Practices Act, after the Redmond, Washington-based company failed to properly account for the improper payments in its records. "There is no room for compromise when it comes to ethical business practices," Smith said in the email's subject line.Prosecutors said the Hungarian scheme generated at least US$14.6 million of improper profit for Microsoft between 2013 and 2015, in connection with the sale of software licenses to Hungarian government agencies.
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