SAP to reveal Gupta-linked kickback details following internal investigation

SAP to reveal Gupta-linked kickback details following internal investigation

SAP to reveal Gupta-linked kickback details following internal investigation

SAP said a probe into its South African business found misconduct in work related to the politically connected Gupta family and reported the matter to US authorities.

The SAP board has since chose to eliminate sales commissions on all public sector deal, "In countries with a Corruption Perceptions Index (according to Transparency International) below 50, effective immediately".

"The allegations of wrongdoing in our South African business have had a profound impact on our employees, customers and partners, and on the South African public - and we apologise wholeheartedly for this", said one of SAP's top executives Adaire Fox-Martin, in a statement.

In December 2016 and June 2017, SAP concluded two additional contracts to provide software and services to Eskom with the assistance of an entity now understood to have been Gupta-related.

The provider of compliance software said in a statement Thursday that it's being investigated by the US Department of Justice and the US Securities and Exchange Commission after a probe into its South African business found misconduct in work related to the Guptas, who have strong links with President Jacob Zuma and his son.

SAP will publish full findings of its investigation upon conclusion of the investigation. However, four executives have been placed on administrative leave with three under disciplinary action.

The Economic Freedom Fighters (EFF) has released a statement calling on the software giant SAP to reveal the names of people who facilitated the receipt of the bribe on the part of the Gupta-owned company.

On Thursday Adaire Fox-Martin, a member of SAP's board, said: "We can not emphasise enough how seriously the SAP executive board takes these allegations, or how committed we are to managing this process in a transparent, ethical and responsible way".

The SAP investigation will also look into, among other allegations‚ whether Gupta-linked company CAD House received multimillion-rand kickbacks for helping SAP secure contracts with Transnet.

On Tuesday, the German software giant released a statement saying it has reported alleged misconduct in its South African operations to United States authorities. The company has also disclosed its situation in SA to USA authorities. "South Africa's rating is 45".

The Federal Bureau of Investigation (FBI) in the U.S. and the UK's Serious Fraud Office are investigating claims of money laundering through bank accounts and various firms connected to the Gupta family.

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