Microsoft to pay $26mn in anti-bribery case

Software giant Microsoft is reportedly set to pay $26 million to settle allegations that its four subsidiaries violated the Foreign Corrupt Practices Act (FCPA).

The settlement comes to resolve charges that its employees bribed government officials in Hungary.

The company as a corporation, however, was not involved in any corrupt practice but a group of staffers in Hungary sold Microsoft products to local resellers at a discounted prices, and those partners, in turn, sold the same products to the Hungarian government at high prices.

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