Current:Home > FinanceGerman software giant SAP fined more than $220M to resolve US bribery allegations -Aspire Money Growth
German software giant SAP fined more than $220M to resolve US bribery allegations
View
Date:2025-04-13 03:30:48
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! (3)
Related
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Supreme Court takes up regulation of social media platforms in cases from Florida and Texas
- Laneige’s 25% off Sitewide Sale Includes a Celeb-Loved Lip Mask & Sydney Sweeney Picks
- Donald Trump appeals $454 million judgment in New York civil fraud case
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Beyoncé's uncle dies at 77, Tina Knowles pays tribute to her brother
- 'American Idol' judges say contestant covering Billie Eilish's 'Barbie' song is 'best we've ever heard'
- AT&T to offer customers a $5 credit after phone service outage. Here's how to get it.
- Intel's stock did something it hasn't done since 2022
- US Rep. Andy Kim sues over what he calls New Jersey’s ‘cynically manipulated’ ballot system
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Loretta Lynn's Granddaughter Auditions for American Idol: Here's How She Did
- Deleted texts helped convince jurors man killed trans woman because of gender ID, foreperson says
- 2 officers shot and killed a man who discharged a shotgun, police say
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- A shooting claimed multiple lives in a tiny Alaska whaling village. Here’s what to know.
- Honda, Toyota, Volkswagen among 2.3 million vehicles recalled: Check car recalls here
- With trial starting next month, Manhattan DA asks judge for a gag order in Trump’s hush-money case
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Shadowbanned? How to check if Instagram has muted you and what you can do about it
7-year-old boy crawling after ball crushed by truck in Louisiana parking lot, police say
Air Force member in critical condition after setting himself on fire outside Israeli embassy in Washington
Most popular books of the week: See what topped USA TODAY's bestselling books list
Biden is traveling to the U.S.-Mexico border on Thursday, according to AP sources
Natalee Holloway's Brother Shares Bone-Chilling Details From Days After Her Murder
Massachusetts governor faults Steward Health Care system for its fiscal woes