Microsoft's Fast unit probed over accounting
Microsoft's recently acquired Fast Search & Transfer was charged on Thursday with accounting fraud by Norwegian officials, Reuters reported Thursday.
According to the Reuters report, police raided Fast's offices in Oslo in order to preserve evidence.
Microsoft didn't mention the charges in a statement, but it confirmed that police showed up at its offices Thursday.
"We can confirm that the Norwegian Police for Economic Crime this morning conducted inquiries at Fast's offices in Oslo," the software maker said in a statement. "Microsoft and its subsidiary Fast Search & Transfer (are) cooperating fully with the police inquiries. We are not in a position to make any further comments at this time."
Fast, which specializes in enterprise search, was acquired by Microsoft earlier this year for $1.2 billion.
During her years at CNET News, Ina Fried has changed beats several times, changed genders once, and covered both of the Pirates of Silicon Valley. These days, most of her attention is focused on Microsoft. E-mail Ina.
I wonder what the Fast company did that got their attention? Something done before MSFT would have bought them, no doubt. MSFT hasn't had them long enough to do anything yet. What did they inherit?