Global software firm sap
Documents reveal SAP knew it was dealing with Guptas
The latest documents show that when problems were identified, the Guptas transferred their interests to a front company and SAP turned a blind eye.
Outlining the findings of an external legal review of the deals with state firms worth more than $50 million, SAP said three executives suspended last year had resigned without severance pay.
SAP has admitted payments of up to R100 million were paid to a Gupta-linked company that assisted with contracts with Eskom and Transnet.
SAP admitted to paying millions to a Gupta-linked company that assisted it with contracts with Eskom and Transnet.
Leaked emails have shown that SAP signed commission agreements with the company in order to secure contracts with state-owned entities.
AmaBunghane, Scorpio and News24 have on Tuesday revealed how Software AG entered into a deal with a Gupta-controlled company to clinch a R180 million Transnet freight rail contract.
Its alleged SAP paid just under R100 million to CAD House to secure a lucrative contract with Transnet.
SAP executive board member Adaire Fox-Martin says while they have suspended these executives, they still deny the claims against them.
SAP executive board member Adaire Fox-Martin says this investigation will be conducted entirely transparently and with full integrity.
SAP executive board member Adaire Fox-Martin says while they have suspended these executives they still deny the claims against them.
On Tuesday, SAP's South African management strongly denied media claims that the company had paid a Gupta-linked firm R100 million to help them land a deal with Transnet.