Oracle to pay about $23 mln to resolve a second SEC bribery case

Oracle to pay about $23 million to resolve a second SEC bribery case

According to the regulator, Oracle's Turkey and UAE units also used slush funds to pay for foreign officials to attend technology conferences in violation of Oracle policies

Oracle to Pay About $23 Million to Resolve a Second SEC Bribery Case

Oracle Corp. will pay about $23 million to resolve charges its units in Turkey, the United Arab Emirates and India used slush funds to bribe foreign officials in order to win business, the U.S. Securities and Exchange Commission said on Tuesday. The case covered alleged wrongdoing from 2014 to 2019, and is the second time the SEC charged Oracle with violating the federal Foreign Corrupt Practices Act (“FCPA”), an anti-bribery law. According to t…

Oracle to pay $23 million to settle SEC charges related to Foreign Corrupt Practices Act

The Securities and Exchange Commission announced Tuesday that Oracle will pay millions to settle charges related to the Foreign Corrupt Practices Act.

Oracle pays $23 million to the SEC to settle bribery charges

India, Turkey, UAE subsidiaries set up slush funds to bribe 'foreign officials' says watchdog

Austin-based Oracle pays $23 million to settle SEC bribery charges

Government officials say Oracle's subsidiaries in India, Turkey and the United Arab Emirates created slush funds used to bribe foreign official.

Oracle to pay $23M to settle foreign bribery allegations

Oracle will pay $23 million to settle charges that the company bribed foreign officials through its subsidiaries in several countries, the Securities and Exchange Commission (SEC) announced Tuesday.  The SEC order alleges that Oracle subsidiaries in Turkey, the United Arab Emirates (UAE) and India used slush funds to bribe officials in return for business between…