Top technology firm SAP suspends SA execs, opens probe #Guptaleaks

There have been several developments around the #GuptaLeak emails this week.

On Tuesday, the Daily Maverick and amaBhungane reported that SAP paid kickbacks in the form of sales commissions to a small Gupta-controlled company that specialises in selling 3D printers, helping SAP clinch a deal worth R1 billion with rail and logistics company Transnet and other state-owned firms.

SAP denied it was party to laundering the payments, arguing that the company CAD House had “the necessary skills in terms of positioning our solution” and was paid a sales commission for acting as “an extension of the sales force”.

After strong denials, German software firm now says it has put some members of its South African team on administrative leave, after claims that they’d given a small Gupta-linked firm $ 100 million to help them get a contract with Transnet.

Editor of the Financial Mail, Rob Rose says this is a turnaround.

LISTEN: How SAP is entangled in the Gupta web of controversies

The MD's first reaction was threaten action against the media, saying the allegations were unfounded but as evidence continues to appear and the document itself has emerged, it seemed only right that these four executives are now on administrative leave.

Rob Rose, editor of the Financial Mail

It speaks of a sales commission to a company which is partly owned by Duduzane Zuma and the Gupta family.

I am just amazed that a company like SAP wasn't alive to a potential conflict that was created to have a President's son and President's friend doing business with them an d this didn't raise any alarm bells.

Rob Rose, editor of the Financial Mail

At the same time, more claims have emerged about Mark Pamensky who was a director of Oakbay and Eskom at the same time.

There are suggestions that he helped the Gupta family negotiate a discount of almost R2 billion when they bought Glencore’s Optimum Coal in 2015.

READ:"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

The emails suggest he played a role in helping the Gupta family buy Optimum coal....Pamensky has since resigned from both companies but as the Gupta leaks emerge it clearly hasn't let him off completely.

Rob Rose, editor of the Financial Mail

Click on the link below to listen to the full audio...


This article first appeared on 702 : Top technology firm SAP suspends SA execs, opens probe #Guptaleaks


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