Current:Home > FinanceGerman software giant SAP fined more than $220M to resolve US bribery allegations -Clarity Finance Guides
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-18 01:21:09
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! (884)
Related
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Off the Grid: Sally breaks down USA TODAY's daily crossword, It Started With the Wine
- Country Singer Zach Bryan Apologizes Amid Backlash Over Taylor Swift and Kanye West Tweet
- Family of man found dead with a rope around neck demands answers; sheriff says no foul play detected
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Residents of Springfield, Ohio, hunker down and pray for a political firestorm to blow over
- High School Musical’s Zac Efron and Vanessa Hudgens' Relationship Ups and Downs Unpacked in Upcoming Book
- Asteroid to orbit Earth as 'mini-moon' for nearly 2 months: When you can see it
- Retirement planning: 3 crucial moves everyone should make before 2025
- Happy 50th ‘SNL!’ Here’s a look back at the show’s very first cast
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Endangered sea corals moved from South Florida to the Texas Gulf Coast for research and restoration
- Newly released Coast Guard footage shows wreckage of Titan submersible on ocean floor
- Phaedra Parks Reveals Why Her Real Housewives of Atlanta Return Will Make You Flip the Frack Out
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- 'Survivor' Season 47: Who went home first? See who was voted out in the premiere episode
- Los Angeles area sees more dengue fever in people bitten by local mosquitoes
- MLS playoff clinching scenarios: LAFC, Colorado Rapids, Real Salt Lake can secure berths
Recommendation
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Country Singer Zach Bryan Apologizes Amid Backlash Over Taylor Swift and Kanye West Tweet
The Smoky Mountains’ highest peak is reverting to the Cherokee name Kuwohi
Senator’s son to change plea in 2023 crash that killed North Dakota deputy
Could your smelly farts help science?
Kansas cult leaders forced children to work 16 hours a day: 'Heinous atrocities'
Orioles hope second-half flop won't matter for MLB playoffs: 'We're all wearing it'
Georgia Sen. Jon Ossoff seeks more control over postmaster general after mail meltdown