SAP to pay $222 million to settle US bribery charges
(Reuters) -SAP, the German software company, agreed to pay about $222 million to resolve two investigations into bribery schemes in seven countries, U.S. authorities said on Wednesday.
The U.S. Department of Justice said SAP has entered a three-year deferred prosecution agreement to resolve criminal charges that it conspired to bribe government officials in Indonesia and South Africa in order to win business.
SAP also reached a related civil settlement with the U.S. Securities and Exchange Commission to address similar alleged bribery schemes in Azerbaijan, Ghana, Kenya, Malawi and Tanzania, as well as Indonesia and South Africa.
The company «has accepted responsibility for corrupt practices that hurt honest businesses engaging in global commerce,» U.S. Attorney Jessica Aber in the Eastern District of Virginia said in a statement.
SAP did not immediately respond to requests for comment.
Its payout includes a $118.8 million criminal fine and $103.4 million of forfeiture, the Justice Department said.
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