SAP to Pay $220 Million to Resolve US Foreign Bribery Case (1)

German software company SAP SE agreed to pay more than $220 million to resolve a foreign bribery investigation by US authorities, which said the deal shows their corporate enforcement strategy in action.

The pact with the Justice Department and the Securities and Exchange Commission addresses a pair of schemes to bribe government officials in South Africa and Indonesia, according to a DOJ statement. The company entered into a three-year deferred-prosecution agreement with the DOJ after it was charged with two counts of conspiracy to violate the Foreign Corrupt Practices Act.

According to the US, SAP and co-conspirators paid ...