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Corruption at the executive level

IBM's office was raided several days ago by masked and armed police officers. According to reports, the raid was conducted by Russia's government, suspecting that IBM was involved in a case of corruption within Russia's pension fund office. Police officers armed with fully automatic weapons spent an entire day raiding IBM's offices in Moscow. But IBM wasn't the only one under investigation -- several other computer resellers and even the homes of several officials of Russia's pension office.

Sources close to authorities indicated that IBM and some other resellers sold computers to Russia's pension fund for higher than normal market price. What's worst is that some fund officials conspired to the sale for mutual benefits. IBM had won a contract with the pension fund, selling roughly 1,000 servers and 50,000 PCs.

Police officials have revealed that the computers were deliberately purchased by the fund at one price but ultimately sold at another price. There are no details on whether or not IBM have to start preparing checks to the fund or not, or whether or not there will be a court case opened.

DailyTech previously reported on a similar case that involved Siemen's offices in Munich being raided. Siemens is suspected of embezzlement and bribery. Approximately 200 officials and officers as well as tax inspectors participated in the Siemens raid. Investigators are trying to find out if Siemens executives bribed customers into buying its products.




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