Qualcomm Inc. will be hoping to bury another piece of unfortunate history between the company and Chinese authorities, paying out a $7.5 million USD fine in response to allegations that they bribed Chinese officials with gifts and offers of employment, they said in a release on Tuesday.
According to a statement released by the US Securities and Exchange Commission (SEC), Qualcomm violated anti-bribery provisions by hiring relatives of Chinese officials in charge of the country’s telecommunications markets.
The SEC says that Qualcomm also “provided gifts, travel, and entertainment to try to influence officials at government-owned telecom companies in China.” The reports shows that Qualcomm referred internally to relatives of Chinese officials as “must place” or “special” hires for full time jobs and internships, describing the positions as “quite important from a customer relationship perspective.”
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