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IBM's Moscow offices raided in embezzlement investigation

Cyrus Farivar

On Wednesday, a team of Russian investigators and a squad of masked, rifle-toting police raided IBM's Moscow offices. Big Blue is currently under investigation in the Russian Federation for allegedly having stolen money from the country's $57 billion pension fund. The Russian Interior Ministry accused IBM and two local software companies of committing conspiracy "to rig auctions and embezzle some of the 1 billion rubles ($38 million) of budget money allocated to the funds for new computers," reports Bloomberg. The spokeswoman of one of the other companies under investigation, R-Style Softlab, said that riot police were deployed at the company's offices for 10 hours yesterday, and "made copies of some documents, took the list of our contacts and copied some electronic mail." This reminds us an awful lot of that Siemens raid that took place last month -- is there some crazy European embezzlement epidemic going on that we should know about?

[Via The Register]

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