Restitution for Mexico City
MEXICO CITY — The Mexican unit of IBM Corp. has agreed to pay $37.57 million to Mexico City prosecutors to compensate for a failed computer system that nearly landed three IBM executives in jail, officials said Wednesday.
The agreement came a month after the Mexico City attorney general’s office issued arrest warrants for the three Mexican IBM executives and 19 former city officials involved in the project.
The $25.95-million computer system was supposed to streamline criminal investigations, but officials said it never worked. They finally gave up and disconnected it in May.
The contract for the system was never opened up for bids, which led to the criminal charges. The charges are pending.
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