Italian investigators have seized documents from the Milan offices of IBM (IBM - Get Report) in conjunction with an investigation into allegations of fraud at one of its customers, BT Italy, a unit of Britain's BT Group (BT) , Reuters reports.
BT Group is the owner of British Telecommunications, a British multinational telecommunications services firm.
Dozens of tax police visited the Italian offices of nine suppliers to BT Italy, including the U.S. tech firm, and seized boxes of documents.
IBM spokesman Alessandro Ferrari said the company was cooperating with authorities.
IBM is not formally under investigation, and none of its representatives have been accused of wrongdoing, but the warrant for the seizures, states that some transactions between BT Italy and its suppliers were forged.
Jim Cramer and the AAP team are discussing fallout from first-quarter earnings from Apple (AAPL - Get Report) and Facebook (FB - Get Report) and how to play the big tech names. Get his insights or analysis with a free trial subscription to Action Alerts Plus.