Current:Home > MyGerman software giant SAP fined more than $220M to resolve US bribery allegations -Capitatum
German software giant SAP fined more than $220M to resolve US bribery allegations
Charles Langston View
Date:2025-04-06 21:53:35
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! (893)
Related
- Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz
- US says Israel’s use of US arms likely violated international law, but evidence is incomplete
- The Token Revolution of WT Finance Institute: Launching WFI Token to Fund and Enhance 'Ai Wealth Creation 4.0' Investment System
- They made one-of-a-kind quilts that captured the public’s imagination. Then Target came along
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- TikToker Allison Kuch Reveals Why She’s Not Sharing Daughter Scottie On Social Media
- 'Heartbreaking and infuriating': 3 puppies rescued, 1 killed, in parked car in Disney Springs
- LENCOIN Trading Center: The Best Buying Opportunity in a Bear Market
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Alex Palou storms back for resounding win on Indianapolis Motor Speedway road course
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Sacramento State's unique approach helps bring peaceful end to campus protest
- On 'SNL,' Maya Rudolph's Beyoncé still can't slay Mikey Day's 'Hot Ones' spicy wings
- What’s the history of ‘outside agitators’? Here’s what to know about the label and campus protests
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Vermont Legislature adjourns session focused on property taxes, housing, climate change
- Former NBA player Glen Davis says prison sentence will 'stop (him) from eating hamburgers'
- JoJo Siwa's Massive Transformations Earn Her a Spot at the Top of the Pyramid
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Roger Corman, Hollywood mentor and ‘King of the Bs,’ dies at 98
WFI Tokens: Pioneering Innovation in the Financial Sector
A severe geomagnetic storm has hit Earth. Here's what could happen.
$1 Frostys: Wendy's celebrates end of summer with sweet deal
1 of 3 teens charged with killing a Colorado woman while throwing rocks at cars pleads guilty
With extreme weather comes extreme insurance premiums for homeowners in disaster-prone states
Hilary Duff Gives Candid Look at “Pure Glamour” of Having Newborn Baby Townes