Current:Home > InvestGerman software giant SAP fined more than $220M to resolve US bribery allegations -BeyondWealth Learning
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-19 15:54:22
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! (8823)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Fire Up the Grill, a Good Burger Sequel With Kenan Thompson and Kel Mitchell Is Actually Happening
- Tesla cashes out $936 million in Bitcoin, after a year of crypto turbulence
- How to know when you spend too much time online and need to log off
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Multiple arrests made at anti-monarchy protests ahead of coronation of King Charles III
- Ulta 24-Hour Flash Sale: Take 50% Off Fenty Beauty by Rihanna, NuFACE, It Cosmetics, Clinique & Benefit
- How to take better (and more distinctive) photos on vacation
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Will BeReal just make us BeFake? Plus, A Guidebook To Smell
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Why Tamar Braxton Isn't Sure Braxton Family Values Could Return After Sister Traci's Death
- Rupert Murdoch Engaged to Ann Lesley Smith Less Than a Year After Jerry Hall Breakup
- Will Bed Bath & Beyond sink like Sears or rise like Best Buy?
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Mount Kilimanjaro climbers can share slope selfies in real-time thanks to new Wi-Fi
- King Charles III's net worth — and where his wealth comes from
- Genealogy DNA is used to identify a murder victim from 1988 — and her killer
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
Sudan crisis drives growing exodus as warring generals said to agree in principle to 7-day truce
If You Don't Have a Scalp Massager, You Need This $8 One From Amazon With 133,900+ 5-Star Reviews
Would you like a side of offshoring with that?
Global Warming Set the Stage for Los Angeles Fires
Human remains found inside two crocodiles believed to be missing fisherman
The White House is turning to TikTok stars to take its message to a younger audience
Gunmen storm school in Pakistan, kill 8 teachers in separate attacks