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SAP revises sales practices as it faces U.S. probe on South Africa

“LONDON (Reuters) – Global business planning software giant SAP is making sweeping changes to its sales practices in countries around the world, the German company said as it revealed it is the subject of a U.S. corruption probe tied to its business dealings in South Africa” reports businessinsider.com. Adaire Fox-Martin, SAP executive board member in charge of global customer operations, told Reuters in an interview on Thursday that its on-going investigation into corrupt sales practices related to South Africa government contracts had led it to take disciplinary actions against three top managers.SAP also said on Thursday that the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) have opened an investigation of the company under the U.S. Foreign Corrupt Practices Act (FCPA).
 
Source: businessinsider.com



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