SAP admits SA unit bribed Gupta agents
The German software company's admission, part of a US investigation, reveals about R107m was paid for the Transnet and Eskom contracts
Global software company SAP admitted on Thursday that its South African arm had paid at least R107m in kickbacks to Gupta-related intermediaries for contracts won from Transnet and Eskom. The admission is now part of a US justice department and US Securities and Exchange Commission (SEC) investigation, after the company said it had voluntarily handed over information to the authorities. The Federal Bureau of Investigation in the US and the UK’s Serious Fraud Office are also investigating claims of money laundering through bank accounts and various companies connected to the controversial family. SAP executive board member Adaire Fox-Martin, who is responsible for SAP’s business in middle and eastern Europe, the Middle East, Africa and China, said an internal investigation conducted by law firm Baker McKenzie on behalf of SAP had found no evidence of payments to any South African government official and employees of Transnet and Eskom. She said that to date the investigation had show...
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