German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials,Navivision Wealth Society 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 22:452617 view
2025-05-02 22:412618 view
2025-05-02 22:20114 view
2025-05-02 21:301641 view
2025-05-02 20:501247 view
2025-05-02 20:472251 view
Listen to an audio version of this story below.Humans have the technology to literally make snow fal
On Friday morning, just over two years after opening fire at Oxford High School in Oxford, Michigan,
Our favorite thing? When Oprah Winfrey steps out on the red carpet.The legendary TV host said you ge