ADVERTISEMENT
Microsoft to Pay More Than $16 Million in Settlement With SEC
Microsoft to Pay More Than $16 Million in Settlement With SEC
22 Jul 2019, 07:23 PM IST
(Bloomberg) -- Microsoft Corp. will pay more than $16 million to settle a U.S. regulator’s allegations that a Hungary-based unit made improper payments that were intended for foreign government officials from 2013 through 2015.
(Bloomberg) -- Microsoft Corp. will pay more than $16 million to settle a U.S. regulator’s allegations that a Hungary-based unit made improper payments that were intended for foreign government officials from 2013 through 2015.
The payments were made through third-party vendors, consultants and distributors, the Securities and Exchange Commission said in a Monday order. Microsoft, without admitting or denying the allegations, will pay $13.8 million in disgorgement and $2.8 million in prejudgment interest.
To contact the reporter on this story: Jesse Westbrook in Washington at jwestbrook1@bloomberg.net
To contact the editor responsible for this story: Jesse Westbrook at jwestbrook1@bloomberg.net
©2019 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT