SAP and U.S. authorities have reached an agreement: The German software company will pay a three-digit million sum. It was about allegations from several countries. The alleged bribery practices spanned the period from 2013 to 2022 and involved falsifying SAP books and records to make the bribes appear to be legitimate business expenses. Under a 1977 law called the Foreign Corrupt Practices Act (FCPA), the US judiciary can prosecute suspected corruption at a company outside its own borders as soon as its transactions touch the US financial system or are settled in dollars.
SAP Agrees To Pay More Than $220 Mln To Settle Bribery Charges nasdaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nasdaq.com Daily Mail and Mail on Sunday newspapers.
a publicly traded global software company based in Germany, will pay over $220 million to resolve investigations by the U.S. Justice Department and the…