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Xerox admits it bribed government officials

And another thing...

By Aled Herbert

Published: 3 July 2002 08:55 GMT

Xerox has admitted its Indian subsidiary Xerox MediaCorp paid bribes to government officials.

In a delayed annual report the office equipment manufacturer restated five years of sales up to 2001 by $6.4bn - twice as much as the company admitted in April.

The company said in the report: "In India, we have learnt of certain improper payments made over a period of years in connection with sales to government customers by employees of our majority-owned subsidiary in that country."

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