The company SAP, accused of corruption in several countries in Africa and Asia by the United States, has agreed to pay 220 million dollars to pursue legal proceedings concerning it.
The US and South African justice ministries, as well as the US financial markets authority, the SEC, accuse the German software specialist of paying bribes to officials in South Africa , in Malawi, Kenya, Tanzania, Ghana, Indonesia and Azerbaijan, CNBC reported this Wednesday.
In exchange for this sum – divided between the different accusers – SAP will benefit from a postponement of legal proceedings for three years.
Strengthened financial control measures
SAP welcomed the conclusion of the deal, stressing that the terms of the agreement would be respected.
The company said it had severed ties with those involved in the affair, and strengthened its financial control and regulatory compliance measures.
“SAP has fully cooperated with authorities and these agreements close all legal matters under investigation in the United States and South Africa,” the company’s statement read. “The behavior of some colleagues and partners in the past does not reflect SAP’s values or our commitment to ethical behavior. “.
Source: ZDNet Korea