Current:Home > NewsGerman software giant SAP fined more than $220M to resolve US bribery allegations -ProsperityEdge
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-17 11:18:53
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! (3)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Artem Chigvintsev Responds After Nikki Garcia Says He Attacked Her
- These Fun Facts About Travis Kelce Are All Game Winners
- Maryland cancels debt for parole release, drug testing fees
- Global Warming Set the Stage for Los Angeles Fires
- A year into the Israel-Hamas war, students say a chill on free speech has reached college classrooms
- NASCAR 2024 playoffs at Talladega: Start time, TV, live stream, lineup for YellaWood 500
- You'll Cry a River Over Justin Timberlake's Tribute to Jessica Biel for Their 12th Anniversary
- 2025 'Doomsday Clock': This is how close we are to self
- How many points did Bronny James score tonight? Lakers-Timberwolves preseason box score
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Texas high school football players beat opponent with belts after 77-0 victory
- Video shows 'world's fanciest' McDonald's, complete with grand piano, gutted by Helene
- How many points did Bronny James score tonight? Lakers-Timberwolves preseason box score
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Nick Saban teases Marshawn Lynch about Seahawks pass on 1-yard line in Super Bowl 49
- Pete Alonso keeps Mets' storybook season alive with one mighty swing
- Curbside ‘Composting’ Is Finally Citywide in New York. Or Is It?
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Don’t fall for fake dentists offering veneers and other dental work on social media
Yankees' newest October hero Luke Weaver delivers in crazy ALDS opener
Ex- Virginia cop who killed shoplifting suspect acquitted of manslaughter, guilty on firearm charge
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
Ben Affleck Steps Out With New Look Amid Divorce From Jennifer Lopez
Man deemed violent predator caught after removing GPS monitor, escaping and prompting 3-day search
You may want to think twice before letting your dog jump in leaves this fall