Why the SIU is going after German tech company SAP

  • 📰 SABreakingNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Why the SIU is going after German tech company SAP: The Special Investigating Unit says a German technology company bribed the Guptas to obtain a lucrative Eskom contract.

The Special Investigating Unit says a German technology company bribed the Guptas to obtain a lucrative Eskom contract.

“SAP paid approximately R73m of the money it received ... to CAD. CAD in turn made payments to other Gupta front companies,” said Allie. “The overwhelming probability is the influence used was that of the Guptas, who at that stage owned 50% of CAD,” he said. “Ultimately, at the time of the conclusion of these agreements, Eskom’s CFO was already allied with the Guptas. Put differently, Eskom was being controlled by the Guptas.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 41. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines