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  Technology   In Other news  24 Aug 2018  Microsoft faces US bribery probe over software sales in Hungary

Microsoft faces US bribery probe over software sales in Hungary

REUTERS
Published : Aug 24, 2018, 9:15 am IST
Updated : Aug 24, 2018, 9:15 am IST

The US Justice Department and the Securities and Exchange Commission are probing how Microsoft sold its software.

Microsoft sold its software such as Word and Excel to middleman firms in Hungary at steep discounts.(Pic credit: ANI)
 Microsoft sold its software such as Word and Excel to middleman firms in Hungary at steep discounts.(Pic credit: ANI)

Microsoft Corp is being investigated by US authorities over potential bribery and corruption related to software sales in Hungary, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The US Justice Department and the Securities and Exchange Commission are probing how Microsoft sold its software such as Word and Excel to middleman firms in Hungary at steep discounts, the report said.

 

The intermediaries then sold that software to government agencies there in 2013 and 2014 at close to full price, the report said.

Investigators are looking into whether the middleman companies used the difference to pay bribes and kickbacks to government officials, the WSJ reported.

Microsoft was not immediately available for comment.

(Source)

Tags: microsoft, hungary, bribe