Current:Home > MyGerman software giant SAP fined more than $220M to resolve US bribery allegations -FutureWise Finance
German software giant SAP fined more than $220M to resolve US bribery allegations
Rekubit Exchange View
Date:2025-04-10 06:02:58
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! (78)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Shooting that followed fight on street in Pasadena, California, wounds 5
- Smoke from Canadian wildfires sent more asthma sufferers to the emergency room
- Peacock adored by Las Vegas neighborhood fatally shot by bow and arrow
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Publicist says popular game show host Bob Barker has died
- Estonia’s pro-Ukrainian PM faces pressure to quit over husband’s indirect Russian business links
- Texas prosecutor says he will not seek death penalty for man in slayings of 2 elderly women
- Senate begins final push to expand Social Security benefits for millions of people
- North American grassland birds in peril, spurring all-out effort to save birds and their habitat
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Have mercy! John Stamos celebrates 'the other side of 60' in nude Instagram post
- Ukraine pilots to arrive in U.S. for F-16 fighter jet training next month
- Spain's Luis Rubiales didn't 'do the right thing' and resign when asked. Now what, FIFA?
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Bradley Cooper, Brad Pitt and More Celebs Who Got Candid About Their Addictions and Sobriety Journeys
- Zillow offers 1% down payment to attract more homebuyers
- Man arrested after going door to door looking for Drew Barrymore's home, police say
Recommendation
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Good karma: Washington man saves trapped kitten, wins $717,500 from state lottery
Georgia judge sets Oct. 23 trial date for Trump co-defendant Kenneth Chesebro
Bray Wyatt was a creative genius who wasn't afraid to take risks, and it more than paid off
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Why do some police lie? Video contradicting official narrative is 'common,' experts say
The Justice Department is suing SpaceX for allegedly not hiring refugees and asylees
Cardinals add another quarterback, acquire Josh Dobbs in trade with Browns