SAP Agrees to $220M Settlement for Foreign Bribery Investigations

SAP SE has agreed to pay over $220 million to settle investigations by the U.S. Justice Department and SEC into violations of the Foreign Corrupt Practices Act. The investigations revealed that SAP engaged in bribery schemes in South Africa and Indonesia to secure government contracts. As part of the resolution, SAP entered into a deferred prosecution agreement and will pay a criminal penalty and administrative forfeiture. The company also committed to implementing compliance criteria in its compensation and bonus system and undertook significant remedial measures. The FBI’s International Corruption Unit and the U.S. Postal Inspection Service are investigating the case.