IRAN DEALINGS AND SAP EXECUTIVE RESIGNATION
By INU Staff
INU -SAP (German software giant) is investigating sales practices in its Gulf region after executives in charge of its dealings in the region had resigned or been put on administrative leave, the German business software giant said on Wednesday.
SAP operates in more than 180 countries, selling business planning software that many of the world’s top multinationals rely on to manage their far-flung business operations. It is a big supplier of corporate compliance software.
A source familiar with the matter said the departures in the Gulf region were connected to dealings in Iran but provided no further details.
SAP declined to name the officials but said that one executive in the region had resigned last Saturday and another had been put on administrative leave.
“We are currently investigating business activities in the region,” the company told Reuters in a statement, without specifying whether the matter concerned Iran.
“SAP is committed to the highest standards of business ethics and we always strive to operate with transparency and integrity. Please understand that we cannot say more while the investigation is ongoing,” the company said.
A source familiar with the matter said the departures in the Gulf region were connected to dealings in Iran but provided no further details.
SAP declined to name the officials but said that one executive in the region had resigned last Saturday and another had been put on administrative leave.
“We are currently investigating business activities in the region,” the company told Reuters in a statement, without specifying whether the matter concerned Iran.
“SAP is committed to the highest standards of business ethics and we always strive to operate with transparency and integrity. Please understand that we cannot say more while the investigation is ongoing,” the company said.
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