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SAP hails resolution of compliance cases related to RI, other countries
Multinational software company SAP has announced compliance agreements reached with the South African National Prosecuting Authority (NPA), the United States Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC).
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The logo and nameplate of the chairman of the Supervisory Board of German software group SAP, Hasso Plattner, is pictured at the beginning of SAP's annual general meeting, on May 18, 2022, in Walldorf, Germany. (AFP/Uwe Anspach/Pool)
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ultinational software company SAP has announced compliance agreements reached with the South African National Prosecuting Authority (NPA), the United States Department of Justice (DOJ) and the US Securities and Exchange Commission (SEC) on matters also related to its operations in Indonesia.
In a statement issued on Thursday, the Germany-based company said it had “fully cooperated” with investigating authorities in the US and South Africa, adding that it had “separated from all responsible people, including in Indonesia, more than five years ago.”
“SAP has made significant enhancements to our compliance program and internal controls over the past few years. Indeed, both the US and South African authorities specifically highlighted SAP’s strong remediation, robust controls and compliance enhancements,” the statement reads.
Read also: SAP to pay more than $220 million to resolve bribery charges
The announcement adds: “SAP has zero tolerance for non-compliance and remains committed to working with customers and partners to focus our innovation, expertise and resources to help transform businesses and to continue to help drive innovation and prosperity in Indonesia and across all geographies in which SAP operates.”
On Jan. 10, the US Department of Justice said SAP owed more than US$220 million to settle investigations into possible Foreign Corrupt Practices Act (FCPA) violations by the DOJ and the SEC.
The DOJ statement said SAP's agreement with the department came from schemes to pay South African and Indonesian government officials bribes. The resolution from the department is coordinated with South African prosecutors as well as the SEC.
