Russian police target HP over bribery claim

Hewlett-Packard said its offices in Moscow had been raided by Russian police who searched the building. The computer maker wouldn't say what the raid was about. The Wall Street Journal did though - bribery.

According to the Journal, German and Russian authorities are investigating whether Hewlett-Packard Co. employees paid millions of dollars in bribes to win a contract in Russia. The newspaper said it was informed by "people familiar with the matter".

The Journal said German prosecutors think HP executives may have paid about €8 million ($10.9 million) in bribes to win a €35 million contract to supply computer equipment to - wait for it - the office of the prosecutor general of the Russian Federation.

HP said in a statement: “This is an investigation of alleged conduct that occurred almost seven years ago, largely by employees no longer with H.P. We are cooperating fully with the German and Russian authorities and will continue to conduct our own internal investigation.”