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Thursday, January 8, 2009
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Cisco tax-evasion case: We're not to blame, vendor says

It wasn't us it was the resellers, is basically what Cisco is saying about this week's arrest of four employees in Brazil as part of a tax-evasion investigation.

Cisco Thursday issued its second statement on the case, in which it says it did not "act inappropriately" after four of its employees were included in the 44 arrests by federal authorities in Brazil. Cisco says it does not import products directly into the country, but through resellers.

The statement reads: "Key to our evaluation, we would note that Cisco does not import products directly into Brazil, but relies on resellers. We are fully cooperating with the authorities and are conducting a thorough internal review as well to understand these troubling allegations. The only appropriate response to a challenge such as this is to be open and transparent.

"Until the facts are known, it would be premature and irresponsible on our part to speculate about the situation."

Further reading:

Cisco says it did not 'act inappropriately' in Brazil

Cisco top brass arrested in bizarre investigation

Cisco tax fraud arrests: Cisco appears not so wholesome after all

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