Hewlett-Packard is inching closer toward reaching a resolution with the Securities and Exchange Commission and the Department of Justice for potential violations of the Foreign Corrupt Practices Act.

The company announced today in a Form 10-Q filing with the SEC that it is in “advanced discussions with the U.S. enforcement agencies to resolve their investigations."

As Compliance Week previously reported, the SEC and Justice Department are conducting an investigation into allegations that current and former employees of H-P engaged in bribery, embezzlement, and tax evasion relating to a transaction between Hewlett-Packard ISE in Germany, a former subsidiary of H-P, and the General Prosecutor's Office (German PPO) of the Russian Federation.

The investigation focuses on a €35 million ($46 million) transaction, spanning the years 2001 to 2006, for the delivery and installation of an IT network, according to H-P.

The German PPO has indicted four individuals, including one current and two former H-P employees, on charges of bribery, breach of trust and tax evasion. The German PPO has also asked that H-P be made an associated party to the case.

“If that request is granted, HP would participate in any portion of the court proceedings that could ultimately bear on the question of whether HP should be subject to potential disgorgement of profits based on the conduct of the indicted current and former employees,” the company stated.

Poland Probe

The SEC and Department of Justice, along with the Polish Central Anti-Corruption Bureau, are also conducting investigations into potential FCPA violations by an employee of Hewlett-Packard Polska, an indirect subsidiary of H-P, in connection with certain public sector transactions in Poland.

In addition, these agencies are conducting investigations into “certain other public-sector transactions in Russia, Poland, the Commonwealth of Independent States, and Mexico, among other countries,” the company stated.

H-P said it is cooperating with these investigating agencies.