The Department of Justice announced that Microsoft Hungary, a subsidiary of Microsoft, 'admits, accepts and acknowledges' wrongdoing.
Microsoft Corp on Monday agreed to pay a $25.3 million fine to settle charges that it bribed officials in countries like Hungary and Saudi Arabia, among others.
"According to Microsoft Hungary's admissions, beginning by at least 2013 and continuing until at least 2015, a senior executive and other employees of Microsoft Hungary participated in a scheme to inflate margins in the Microsoft sales channel in connection with the sale of Microsoft software licenses to Hungarian government agencies," the Department of Justice said in a statement.
The Foreign Corrupt Practices Act, passed in 1977, prohibits U.S. companies and individuals from paying bribes to foreign officials to move forward a business deal. Experts note that businesses face a high risk of corruption in Hungary, a member of the European Union. "Hungary's Criminal Code forbids bribery in the public and private sectors, along with most other forms of corruption offenses contained in international anti-corruption conventions. Enforcement of the anti-corruption framework is lacking," the assessment continues.
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