Current:Home > MarketsGerman software giant SAP fined more than $220M to resolve US bribery allegations -Thrive Success Strategies
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-12 19:15:50
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! (97)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Messi scores from a free kick to give Argentina 1-0 win in South American World Cup qualifying
- Rescue helicopter pilot says he heard bangs before fiery crash that killed 2, report says
- Ex-cop charged with murder: Video shows officer rushed to car, quickly shot through window
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Black churches in Florida buck DeSantis: 'Our churches will teach our own history.'
- Why Mark-Paul Gosselaar Regrets This Problematic Saved by the Bell Scene
- Sharon Osbourne Reveals the Rudest Celebrity She's Ever Met
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Wisconsin sawmill agrees to pay $191K to federal regulators after 16-year-old boy killed on the job
Ranking
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- What's Making Us Happy: A guide to your weekend viewing and listening
- Flooding in Greece and neighboring nations leaves 14 dead, but 800 rescued from the torrents
- Sri Lanka’s ruling coalition defeats a no-confidence motion against the health minister
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 13 reasons why Detroit Lions will beat Kansas City Chiefs on Thursday
- DOJ slams New Jersey over COVID deaths at veterans homes, residents still at high risk
- Lainey Wilson leads CMA Awards 2023 nominations: See full list
Recommendation
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Julie and Todd Chrisley to Be Released From Prison Earlier Than Expected
EXPLAINER: Abortion access has expanded but remains difficult in Mexico. How does it work now?
Indonesia says China has pledged $21B in new investment to strengthen ties
Retirement planning: 3 crucial moves everyone should make before 2025
AP Week in Pictures: Latin America and Caribbean
India seeking greater voice for developing world at G20, but Ukraine war may overshadow talks
Hong Kong closes schools as torrential rain floods streets, subway station