Current:Home > ContactGerman software giant SAP fined more than $220M to resolve US bribery allegations -Keystone Capital Education
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-17 04:16:26
German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials, 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.
veryGood! (12)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Vanderpump Rules' Scheana Shay Details Filming Emotionally Draining Convo With Tom Sandoval
- Vanderpump Rules' Scheana Shay Details Filming Emotionally Draining Convo With Tom Sandoval
- Trump ally Bernard Kerik turned over documents to special counsel investigating events surrounding Jan. 6
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Golden Fire in southern Oregon burns dozens of homes and cuts 911 service
- Biden to forgive $130 million in debt for CollegeAmerica students
- Someone could steal your medical records and bill you for their care
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Celtics' Jaylen Brown agrees to richest deal in NBA history: 5-year, $304M extension
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Russian fighter jet damages U.S. drone flying over Syria, U.S. military says
- Vermont-based Phish to play 2 shows to benefit flood recovery efforts
- Rival Koreas mark armistice anniversary in two different ways that highlight rising tensions
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- WATCH: Sea lions charge at tourists on San Diego beach
- Drew Barrymore to host 74th National Book Awards with Oprah Winfrey as special guest
- Xbox Game Pass Ultimate is a new way to play—try one month for just $1
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Google rebounds from unprecedented drop in ad revenue with a resurgence that pushes stock higher
Trevor Reed, who was released in U.S.-Russia swap in 2022, injured while fighting in Ukraine
Typhoon blows off roofs, floods villages and displaces thousands in northern Philippines
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Tommy Tuberville, Joe Manchin introduce legislation to address NIL in college athletics
Cambodia’s Hun Sen, Asia’s longest serving leader, says he’ll step down and his son will take over
Why Megan Fox Is Telling Critics to Calm Down Over Her See-Through Dress