KYLE COWAN: Inside SAP's R106m Gupta bribe scheme
The company has labelled payments to Gupta companies as "sales commissions" on deals with state-owned companies Eskom and Transnet, worth R660-million
Global software giant SAP has confirmed paying R107-million to companies it now understands to be linked to the Gupta family and has reported itself to the US Department of Justice. The company maintains, though, that an internal probe revealed misconduct only by its management.SAP said it had put in place a policy whereby it would stop all "sales commission" payments in countries with a Corruption Perception Index score of less than 50. South Africa has a score of 47. The company has labelled payments to Gupta companies as "sales commissions" on deals with state-owned companies Eskom and Transnet, worth R660-million. The Gupta companies in question are CAD House and Global Softech Solutions, entities leaked Gupta e-mails have revealed were controlled by the Gupta family. In July, media reports revealed the two companies benefited from about R100-million in alleged kickbacks for assistance in securing the deals, an allegation SAP has consistently denied. SAP on Thursday confirmed at...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.