German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials,Rekubit Exchange the Justice Department said Wednesday.
According to court documents cited by the Justice Department, SAP and unnamed co-conspirators provided bribes and other valuable enticements to South African and Indonesian foreign officials. The company delivered gifts to officials in the form of cash payments, political contributions, electronic transfers, and luxury goods purchased during shopping trips.
The payments and gifts were offered “to obtain valuable government business,” Acting Assistant Attorney General Nicole Argentieri said in a statement.
The Securities and Exchange Commission also cited SAP “bribery schemes” in Malawi, Kenya, Tanzania, Ghana and Azerbaijan.
The Justice Department’s statement commended SAP for cooperating with the department’s investigation, taking steps to uncover the root causes of the bribery, and boosting resources for a restructured ethics and compliance office.
2025-05-02 00:322331 view
2025-05-01 23:561933 view
2025-05-01 23:55505 view
2025-05-01 23:362987 view
2025-05-01 23:17392 view
2025-05-01 22:531155 view
McALLEN, Texas (AP) — SpaceXis launching a new mission: making its Starbase site a new Texas city. B
Travis Kelce has made his next play.Amazon Prime confirmed the Kansas City Chiefs tight end will hos
As she gestured to the 2024 WNBA draft class, a group that features the likes of Caitlin Clark, Ange