Transcribed

Software firm SAP to Pay $220m over Bribery Charges

Jan 12, 2024 · 1m 5s
Software firm SAP to Pay $220m over Bribery Charges
Description

Global software giant SAP has agreed to pay more than $220m to settle bribery charges involving government officials around the world. The money and gifts, typically routed via outside business...

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Global software giant SAP has agreed to pay more than $220m to settle bribery charges involving government officials around the world.
The money and gifts, typically routed via outside business consultants, were intended to help win business in South Africa, Indonesia and elsewhere, according to US officials.
The schemes allegedly operated from at least December 2014 until January 2022.
SAP said it had cooperated with investigators and overhauled policies.
Subsidiaries of the firm in operating in five countries in Africa, Azerbaijan and Indonesia engaged in bribery schemes, repeatedly breaking company policies that were intended to guard against corruption.
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Author Africa Business Radio
Organization Africa Business Radio
Website -
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