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16:02 06/07/2016

Former SAP exec pleads guilty to bribery charge

“Mr. Garcia admitted that he engaged in a scheme to bribe public officials in Panama and to take kickbacks for himself,” SAP said. The SEC’s cease and desist order states that Garcia “circumvented SAP’s internal controls, falsified the company’s books and records, and made false statements to SAP in order to lower the price of SAP software to fund the bribery and kickback scheme.”