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 U.S. authorities.
While the German software company didn't find evidence of payments to South African government officials or employees of state-owned companies Transnet SOC Ltd. and Eskom Holdings SOC Ltd., it "uncovered indications of misconduct," the company said in a Thursday statement. As a result, it started disciplinary processes against three employees.
An investigation by the U.S. Department of Justice and the U.S. Securities and Exchange Commission is ongoing and the company will fully co-operate, SAP said. Its own probe was carried out by Baker & McKenzie.
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