Business, Featured Article, South Africa

International law firm to conduct investigation into SAP, Gupta links

Germany software Company, SAP

Germany software Company, SAP,  said it has hired the Chicago-based international law firm Baker McKenzie to conduct an external investigation into the alleged links with the Guptas family following the announcement on Wednesday that it will conduct its own internal investigations.

Baker McKenzie will work with various experts, including forensic firm FTI Consulting, the company said.

Last week it emerged in the #GuptaLeaks & Gupta Emails that the company used or relied on Gupta influence to secure state tenders worth billions of rands. The #GuptaLeaks revealed that SAP paid alleged kickbacks in the form of sales commissions to a firm linked to the politically connected Gupta family

Since the revelations SAP fired its executives but denied the allegations and the whatsoever relationship with the controversial family.

Europe’s largest software company, SAP, named a new executive team in South Africa on Friday, just two days after the company put four senior managers on leave, pending its investigations into allegations that it was involved in a government bribery scheme with the Gupta family.

SAP has appointed Claas Kuehnemann into the role of acting managing director for Africa, in charge of the company’s business in 51 countries, and that Peter David, its finance chief for Europe, Middle East and Africa, will become acting chief financial officer, SAP Africa.

SAP has not named the four senior executives it put on administrative leave while investigating the company’s actions.

Transnet said in a statement that it has been an SAP customer since 2000 but that it was unaware of the parties reportedly involved in SAP sales to the company.

 

 

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