INTERNATIONAL

SAP executive sentenced for corruption

Temas:

A judge today condemned a former US executive of the German company SAP to 22 months in prison for bribing three senior officials of the Panamanian government in 2009.

Judge Charles R. Breyer of the Northern District of California issued the ruling against Eduardo Vicente Garcia, 65, who lives in Miami, reported the Department of Justice in a statement.

Garcia admitted last August that he participated "in a scheme to bribe Panamanian authorities in order to ensure that they granted government contracts to SAP technology."

Garcia's plea allowed him to reach an amicable agreement with the Securities and Exchange Commission, which had filed civil charges against him. To settle those charges, he agreed to pay $92,395.

According to court documents, Garcia paid bribes to two senior officials of the government through sham contracts and false invoices to "disguise the nature of bribes."

SAP won a $14.5 million technology contract that included $2.1 million for software licenses, and later received additional contracts.

Garcia said that he needed to pay the bribes to receive the contracts.

The payment of bribes is a crime in the US under the Foreign Corrupt Practices Act.

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