Current:Home > MyGerman software giant SAP fined more than $220M to resolve US bribery allegations -AdvancementTrade
German software giant SAP fined more than $220M to resolve US bribery allegations
Rekubit Exchange View
Date:2025-04-10 23:12:42
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! (44942)
Related
- Arkansas State Police probe death of woman found after officer
- Missing a beat, streaming service Spotify is back after a temporary outage
- 'Shazam!' star Zachary Levi endorses Donald Trump while moderating event with RFK Jr.
- Rebel Wilson Marries Ramona Agruma in Italian Wedding Ceremony
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Opinion: Atlanta Falcons have found their identity in nerve-wracking finishes
- How to watch SpaceX, NASA launch that will bring Starliner astronauts home in 2025
- Calls to cops show specialized schools in Michigan are failing students, critics say
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Ohio family says they plan to sue nursing home after matriarch's death ruled a homicide
Ranking
- All That You Wanted to Know About She’s All That
- Ohio family says they plan to sue nursing home after matriarch's death ruled a homicide
- Don't put your money in the bank and forget about it. These tips can maximize your savings.
- Biden says he hopes to visit Helene-impacted areas this week if it doesn’t impact emergency response
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Is there a 'ManningCast' tonight? When Peyton, Eli Manning's ESPN broadcast returns
- Rashee Rice's injury opens the door for Travis Kelce, Xavier Worthy
- 7UP clears up rumors about mocktail-inspired flavor, confirms Shirley Temple soda is real
Recommendation
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
NASCAR Kansas live updates: How to watch Sunday's Cup Series playoff race
‘Megalopolis’ flops, ‘Wild Robot’ soars at box office
WNBA playoff games today: What to know about Sunday's semifinal matchups
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Ciara Reveals How Her Kids Have Stepped Up With Her and Russell Wilson's Daughter Amora
How can I help those affected by Hurricane Helene? Here are ways you can donate
Fontes blocked from using new rule to certify election results when counties refuse to