The United States Securities and Exchange Commission announced on Tuesday that Oracle Corp. will pay nearly $23 million to settle allegations that its subsidiaries in Turkey, the United Arab Emirates, and India used slush funds to bribe foreign authorities in order to obtain contracts. This is the second time the SEC has charged Oracle with violating the Foreign Corrupt Practices Act (“FCPA”), the first time in 2012. https://signalx.ai/blog/oracle-bribery-fcpa/
The United States Securities and Exchange Commission announced on Tuesday that Oracle Corp. will pay nearly $23 million to settle allegations that its subsidiaries in Turkey, the United Arab Emirates, and India used slush funds to bribe foreign authorities in order to obtain contracts. This is the second time the SEC has charged Oracle with violating the Foreign Corrupt Practices Act (“FCPA”), the first time in 2012.