Microsoft agreed to pay $25 million to settle an investigation into potential violations of a law prohibiting the bribery of foreign government officials
By Dylan Tokar and Drew Hinshaw Updated July 22, 2019 5:46 pm ET Microsoft Corp. agreed to pay $25 million to settle an investigation into potential violations of a law prohibiting the bribery of foreign government officials, the U.S. Securities and Exchange Commission said Monday.
In an internal email to company employees on Monday that was viewed by The Wall Street Journal, Microsoft President Brad Smith said the misconduct involved a small number of employees that were no longer with the company. In Saudi Arabia and Thailand, two other Microsoft subsidiaries provided illegal gifts and travel benefits to government officials through a slush fund, according to the SEC. A Turkish subsidiary illegally provided excessive discounts to a third party without properly recording the transaction, the agency said.
The Justice Department said it gave the Hungarian unit a 25% discount off the criminal fine for cooperating with the investigation and taking steps to reform its business practices in the region. Microsoft pushed into Hungary and its neighbors in the early 2010s, to offset struggles in wealthier, more established markets. In 2012, then-Chief Operating Officer Kevin Turner, in a publicized meeting, had dinner with Mr. Orban in an effort to dissuade the Hungarian government from using free word-processing and spreadsheet software from rivals.
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