Fergie's Tech Blog

Update: Police Raid IBM's Moscow Office

Jeremy Kirk writes on InfoWorld:

Police raided IBM's Moscow headquarters Wednesday in addition to two other IT suppliers in a $38.18 million investigation into procurement fraud, government officials said Thursday.

IBM spokesman Jonathan Batty confirmed that the raid had taken place. However, he wouldn't say if the authorities seized documents or computer equipment.

"We're stating for the time being that we are cooperating with the Russian authorities but declining to give any further comment now," Batty said.

Later on Thursday, Russia's Interior Ministry said the raids were part of an investigation into computer purchases by the country's Pension Fund. Executives of the Pension Fund are accused of conspiring to buy equipment from the companies at higher-than-market prices, according to Novosti, one of Russia's government-owned news agencies.

posted by Fergie @ 12/07/2006 10:40:00 AM