SAP said in a statement it paid US$7.7mil (RM32.6mil) in commissions to Gupta-related companies between between December 2014 and November 2016.
LONDON/JOHANNESBURG: SAP, Europe's biggest software company, is making sweeping changes to its sales practices around the world after saying it faces a US corruption probe over sales commissions paid to win South African government contracts.
Adaire Fox-Martin, SAP executive board member in charge of global customer operations, told Reuters on Thursday an ongoing probe by its law firm, Baker McKenzie, had uncovered wrongdoing related to sales commissions paid to entities linked to South Africa's powerful Gupta family to win deals dating back to 2014.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
