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Browsing: Corruption in Tanzania
- The SAP FCPA violation will result in a $100 million fine from the US Securities and Exchange Commission.
- From December 2014 to January 2022, SAP was found to have utilized third-party intermediaries and consultants to pay bribes to government officials in order to secure business.
- The SEC’s action is part of a coordinated global settlement that involves the United States Department of Justice and criminal and civil authorities in South Africa.
German software giant SAP has disclosed that it paid Kenyan government officials for tenders in the country. The company has now agreed to pay $100 million in fines to settle charges of paying bribes to secure business deals in Kenya, Tanzania, South Africa, Malawi, Ghana, Indonesia, and Azerbaijan.
In 2019, a whistleblower complaint filed with the US Securities and Exchange Commission and the US Department of Justice indicated that SAP was involved in corruption and bribery, thereby violating US …
- More than $33 million was poorly spent by various Tanzania government institutions including through inappropriate allowances to staff, audit shows.
- Lugalo Hospital, an institution belonging to Tanzania’s military, paid over $14,000 to a supplier for consultation and design without charging withholding tax.
- Corrupt officials in Tanzania’s Ministry of Health paid over $8 million to Toyota Tanzania and UNICEF for the purchase of motor vehicles that were never delivered.
Tanzania could be hurtling towards a fiscal risk as an increasing number of loss-making state-owned enterprises turn into avenues for plunder and embezzlement of public funds by corrupt public servants.
The latest audit report by the Controller and Auditor General (CAG) and Prevention and Combating of Corruption Bureau (PCCB) shows hundreds of state-owned enterprises in Tanzania are in the soup for sanctioning graft-ridden transactions leading to the loss of millions of public money.
The rot starts from the top. Take for instance, …