German-based software company SAP agreed to pay more than $220 million as part of resolutions with authorities in the United States and South Africa regarding alleged violations of the Foreign Corrupt Practices Act (FCPA).
SAP entered into a three-year deferred prosecution agreement, was assessed a criminal penalty of nearly $119 million by the Department of Justice (DOJ), and agreed to pay forfeiture of more than $103 million, the agency announced Wednesday. Portions of those amounts will be credited in line with parallel resolutions with the Securities and Exchange Commission (SEC), which announced nearly $100 million to be paid in disgorgement and prejudgment interest, and South African authorities.
