The Special Tribunal has ordered German software company SAP to pay around R500 million to the Special Investigating Unit (SIU) within seven days for its involvement in corrupt Gupta-linked contracts at Eskom.
We have seen so many similar reports involving multinational listed companies. The hubris of these big corporations, their greed and arrogance knows no end. They have little respect for suppliers and customers and it is almost impossible to fight them in court. They have such deep pockets they can bankrupt a smaller company by just drawing a court case out for years.
Never think that you are safe when dealing with one of these big corporates. I have also made the mistake to think that if they are listed on the stock exchange everything is audited and above board. No such luck! They know just how to manipulate and hide facts and figures! Read contracts carefully and never get bullied into a 60 or 90 day credit agreement.
Reply With Quote
Did you like this article? Share it with your favourite social network.