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Ex-SAP Executive Pleads to FCPA Charges

Tom Fox | August 13, 2015

The Justice Department and Securities and Exchange Commission jointly announced an enforcement action on Wednesday against a former executive of SAP International for violations of the Foreign Corrupt Practices Act by bribing officials in Panama to win government contracts.

Vicente Eduardo Garcia, 65, of Miami, pled guilty to a one-count information charging him with conspiracy to violate the anti-bribery provisions of the FCPA. 

In the SEC’s cease-and-desist order, Garcia agreed to pay disgorgement of $85,965 (the total amount of kickbacks he received), plus prejudgment interest of $6,430, for a total of $92,395. His sentencing for the criminal FCPA violations is scheduled for Dec. 16.

The bribery scheme lasted from 2009-2013. Garcia sought a multi-million dollar contract to provide a Panamanian state agency with an IT upgrade...

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