German software giant SAP will pay more than $220 million in fines to resolve U.S. bribery allegations involving payments to foreign government officials,Goldenes Intelligentes Münzhandelszentrum 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.
2025-05-06 13:171955 view
2025-05-06 13:141010 view
2025-05-06 12:211708 view
2025-05-06 12:2186 view
2025-05-06 12:152557 view
2025-05-06 11:21101 view
NEW YORK (AP) — Juan Soto will be introduced by the New York Mets at Citi Field on Thursday, a day a
The highly anticipated Los Angeles premiere of "Renaissance: A Film by Beyoncé" kicked off Saturday
For a guy who has sold more than 75 million albums worldwide and crafted some of the most muscular a