Current:Home > MarketsGerman software giant SAP fined more than $220M to resolve US bribery allegations -EliteFunds
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-27 16:44:25
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! (3382)
Related
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Bear, 3 cubs break into Colorado home, attack 74-year-old man who survived injuries
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Assorted Danish
- Scarlett Johansson Shares Skincare Secrets, Beauty Regrets & What She's Buying for Prime Day 2024
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- A series of deaths and the ‘Big Fight': Uncovering police force in one Midwestern city
- Aaron Rodgers-Robert Saleh timeline: Looking back at working relationship on Jets
- When and where to watch the peak of the Draconid meteor shower
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- Mark Wahlberg's Wife Rhea Durham Shares NSFW Photo of Him on Vacation
Ranking
- Kansas City Chiefs CEO's Daughter Ava Hunt Hospitalized After Falling Down a Mountain
- Hyundai has begun producing electric SUVs at its $7.6 billion plant in Georgia
- Jason Kelce Has Most Supportive Reaction to Taylor Swift Arriving at Travis Kelce's NFL Game
- Love Is Blind's Hannah Jiles Shares Before-and-After Look at Weight Loss Transformation
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- October Prime Day 2024: Get the Viral COSRX Snail Mucin for Under $12 & Save Big on More COSRX Must-Haves
- The cumulative stress of policing has public safety consequences for law enforcement officers, too
- Takeaways from AP’s investigation into fatal police incidents in one Midwestern city
Recommendation
Bodycam footage shows high
Amazon Prime Day 2024: 30% Off Laneige Products Used by Sydney Sweeney, Porsha Williams & More
Biden sets a 10-year deadline for US cities to replace lead pipes and make drinking water safer
Home insurers argue for a 42% average premium hike in North Carolina
Hidden Home Gems From Kohl's That Will Give Your Space a Stylish Refresh for Less
Scarlett Johansson Shares Skincare Secrets, Beauty Regrets & What She's Buying for Prime Day 2024
Florida Panthers Stanley Cup championship rings feature diamonds, rubies and a rat
Red and green swirls of northern lights captured dancing in Minnesota sky: Video