SAP has agreed to pay about $222 million to resolve investigations into bribery schemes in seven countries, US justice authorities announced on Wednesday.
The settlement, which includes a $118.8 million criminal fine and $103.4 million of forfeiture, is one of the biggest of its kind and is the second time the German software company has settled bribery allegations with regulators in the US.
In 2016, the company forfeited about $3.7 million in profit to the US Securities and Exchange Commission (SEC) over a bribery scheme in Panama.
US Department of Justice officials noted SAP has entered into a three-year deferred prosecution agreement to resolve criminal charges that it conspired to bribe government officials in Indonesia and South Africa to obtain government business.
SAP also agreed to a related civil settlement of $98 million with the SEC to resolve charges over similar alleged bribery schemes in Azerbaijan, Ghana, Kenya, Malawi and Tanzania, Reuters reported.
NYSE-listed shares of SAP rose nearly 3% to $156.06 in Wednesday afternoon trading.