SAP to Pay Over $220m to Resolve Bribery Investigations: DOJ

SAP has agreed to pay over $220m to resolve investigations by DOJ and SEC to settle violations of the foreign corrupt practices act.

• Claims arising out of bribery schemes in South Africa, Malawi, Kenya, Tanzania, Ghana, Indonesia, and Azerbaijan
• Order finds that SAP violated the FCPA by employing third-party intermediaries and consultants from at least Dec. 2014 through Jan. 2022 to pay bribes to govt officials to obtain business with public sector customers in the seven countries mentioned above

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Chakradhar Adusumilli in New York ...