Current:Home > reviewsGerman software giant SAP fined more than $220M to resolve US bribery allegations -EverVision Finance
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-14 17:01:51
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! (1)
Related
- Small twin
- Why Ohio’s Issue 1 proposal failed, and how the AP called the race
- Bill Clinton’s presidential center expanding, will add Hillary Clinton’s personal archives
- Feds investigating power steering issue on older Ram 1500 pickups
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Trump vows to keep talking about criminal cases despite prosecutors pushing for protective order
- What extra fees can you face when buying a car?
- Chrysler recalls nearly 45,000 vehicles because interior trim may interfere with air bags
- The Daily Money: Spending more on holiday travel?
- U.S. Coast Guard suspends search for missing diver at Florida Keys shipwreck: This was a tragic accident
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- England's Lauren James apologizes for stepping on opponent's back, red card at World Cup
- Raven-Symoné Says Dad Suggested Strongly She Get Breast Reduction, Liposuction Before Age 18
- Man injured in Wyoming grizzly attack praised for split-second reaction
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- DJ Casper, Chicago disc jockey and creator of ‘Cha Cha Slide,’ dies after battle with cancer
- Burger King's crispy chicken sandwich was so popular, it's now a wrap
- 19 Shower Caddy Essentials You Need for Your Dorm
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
It's International Cat Day. Here are 10 inspiring feline stories to celebrate.
Students blocked from campus when COVID hit want money back. Some are actually getting refunds.
What is the Mega Millions jackpot? How Tuesday's drawing ranks among largest prizes ever
Louvre will undergo expansion and restoration project, Macron says
After 2023 World Cup loss, self-proclaimed patriots show hate for an American team
Lawsuits filed by Airbnb and 3 hosts over NYC’s short-term rental rules dismissed by judge
Sandra Bullock's longtime partner Bryan Randall dies at 57 after battle with ALS