Current:Home > ScamsGerman software giant SAP fined more than $220M to resolve US bribery allegations -Wealth Evolution Experts
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-15 11:49:52
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! (17)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Kevin Costner Accuses Estranged Wife Christine of Relentless Hostility Amid Divorce Court Hearing
- As Hurricane Idalia caused flooding, some electric vehicles exposed to saltwater caught fire
- IRS whistleblower's attorney raises new questions about Justice Dept's claims of independence in Hunter Biden investigation, which Justice Dept disputes
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- F. Murray Abraham: My work is my salvation
- Massive 920-pound alligator caught in Central Florida: 'We were just in awe'
- Bill Richardson, a former governor and UN ambassador who worked to free detained Americans, dies
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Travis Barker abruptly exits Blink-182 tour for 'urgent family matter'
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Russia attacks a Ukrainian port before key grain deal talks between Putin and Turkey’s president
- Police officer praised for reviving baby during traffic stop in suburban Detroit
- Whatever happened to the 'period day off' policy?
- 2024 Olympics: Gymnast Ana Barbosu Taking Social Media Break After Scoring Controversy
- Inside the making of 'Starfield' — one of the biggest stories ever told
- NASA said its orbiter likely found the crash site of Russia's failed Luna-25 moon mission
- 12-year-old shot near high school football game in Baltimore
Recommendation
Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
Kevin Costner breaks silence on 'Yellowstone' feud, says he fought for return to hit series
India launches spacecraft to study the sun after successful landing near the moon’s south pole
Nevada assemblywoman won’t seek re-election in swing district after scrutiny over her nonprofit job
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Grocery stores open Labor Day 2023: See Kroger, Publix, Aldi, Whole Foods holiday hours
Kris Jenner Packs on the PDA With Corey Gamble During Magical Summer Vacation
Biden to give Medal of Honor to Larry Taylor, pilot who rescued soldiers in Vietnam firefight