Red Notice Newsletter - October 2017

ANTICORRUPTION DEVELOPMENTS –

Global Compliance Overhaul for SAP as DOJ and SEC Investigate Payments Allegedly Related to South African Government Contracts –

On October 26, 2017, German software company SAP SE announced its voluntary disclosure to, and cooperation with, U.S. authorities resulting from allegations that commissions paid to agents and companies related to the Gupta family were funneled to South African government entities or agents. The Gupta family members are alleged confidants of South African President Jacob Zuma and are facing allegations of unduly influencing South African government contracts.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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