Microsoft accused of fraud due to Fast Search & Transfer

By Justin Mann on October 17, 2008, 7:24 PM
Early this year, Microsoft decided to fork over $1.2 billion to acquire a Norwegian search company known as Fast Search and Transfer. The company specialized in enterprise search, where Microsoft was and is still trying to expand. Fast Search and Transfer was left to operate in Norway, and until recently hasn't been really heard from.

Now, however, Microsoft is dealing with a legal crisis as the company has been charged with fraud following a raid on the Fast Search and Transfer offices. No specific details as to what type of fraud Microsoft or FS&T is being accused of was mentioned, only that accounting irregularities were noticed. These problems date back to before Microsoft acquired the company, so it's possible they may get to sidestep this issue. Microsoft did mention that they will be “correcting” FS&T accounting practices in the future.

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