SAP to Pay More Than $220 Million to End Bribery Probes

null By Richard VanderfordUpdated Jan. 10, 2024 4:39 pm ETGerman software company SAP allegedly violated the Foreign Corrupt Practices Act. Photo: Aparna Jayakumar/Bloomberg NewsSAP has agreed to pay more than $220 million to settle foreign bribery probes brought against the German software maker by U.S. and South African authorities.SAP and its co-conspirators paid bribes to foreign officials in South Africa and Indonesia, delivering money in the form of cash, wire transfers, political contributions and sometimes luxury goods, U.S. prosecutors said Wednesday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Sponsored OffersTurboTax: Extra 10% Off online federal products With TurboTax service codeThe Motley Fool: Epic Bundle - 3x Expert Stock RecommendationsH&R Block Tax: Get 20% off H&R Block tax software productsTop Resume: Top Resume coupon: 10% Off professional resume writingeBay: Unlock 10% off orders with this eBay couponGroupon: Gro

A person who loves writing, loves novels, and loves life.Seeking objective truth, hoping for world peace, and wishing for a world without wars.

Opinion Jan 11, 2024 Add to Reading List

SAP to Pay More Than $220 Million to End Bribery Probes

null

Richard Vanderford

Updated Jan. 10, 2024 4:39 pm ET

German software company SAP allegedly violated the Foreign Corrupt Practices Act. Photo: Aparna Jayakumar/Bloomberg News

SAP has agreed to pay more than $220 million to settle foreign bribery probes brought against the German software maker by U.S. and South African authorities.

SAP and its co-conspirators paid bribes to foreign officials in South Africa and Indonesia, delivering money in the form of cash, wire transfers, political contributions and sometimes luxury goods, U.S. prosecutors said Wednesday.