Microsoft caught up in bribery probe over software sales in Hungary
Microsoft is beingness investigated by the U.S. Department of Justice and Securities and Exchange Commission over potential blackmail and corruption in its handling of software sales to the Hungarian government, The Wall Street Journal reports.
According to the report, U.S. authorities are probing potential wrongdoing in a scheme through which Microsoft allegedly sold software to "middleman firms" at large discounts. The firms involved would then sell the software to the Hungarian authorities at their total prices, allegedly using the difference to bribe authorities officials.
In a argument to The Wall Street Journal, Microsoft'due south deputy full general counsel, David Howard, said that the company quickly engaged in its own investigation after finding out about "potential wrongdoing." The visitor says that it fired four of its employees in Hungary equally a result of its own probe. It also ended relationships with 4 partner companies in the country concluding year. "Nosotros're committed to ethical business practices and won't compromise these standards," Howard told The Wall Street Periodical.
This investigation follows similar probes Microsoft has faced in contempo years over its software sales practices in other countries. In 2022, the visitor was investigated over potential bribery schemes in China, Romania, Italy, Russian federation, and Pakistan. It'southward unclear if Microsoft is still under investigation over dealings in those countries.
Microsoft told The Wall Street Journal that it is cooperating with investigators and it has moved to amend transparency around its discounting practices.
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Source: https://www.windowscentral.com/microsoft-caught-bribery-probe-over-software-sales-hungary
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