WebAug 17, 2012 · Oracle agreed to pay a $2 million fine to settle US Securities and Exchange Commission charges that an India subsidiary secretly set aside money used to make … WebOct 11, 2024 · The probe was initiated following a disclosure by the US Securities and Exchange Commission (SEC) that Oracle used “slush funds” to bribe Indian Railway officials in 2024. “Yes, Indian Railways has ordered an internal inquiry,” said a spokesperson of the Ministry of Railways when asked about the probe into the bribery case.
Oracle Bribed Indian Railways Employees To Get …
WebAug 16, 2012 · Business Insider Oracle has agreed to pay $2 million to settle a case with the SEC. The SEC had accused the company of violating U.S. anti-bribery laws. The SEC was concerned that from 2005... WebSep 27, 2024 · The case is the second time the SEC has charged Oracle for violating the federal Foreign Corrupt Practices Act, an anti-bribery law. In 2012, Oracle agreed to pay a $2 million fine to... how do you thicken frosting
Oracle to pay over $23 mln to resolve a second SEC bribery case
WebAug 17, 2012 · The case is among the earliest in which the SEC brought FCPA charges that did not allege actual bribery of foreign officials, but rather only the potential for bribery. Reuters The SEC said the employees directed the distributors to make unauthorized payments to local vendors, several of which did no work for Oracle, and that some … WebSep 27, 2024 · Oracle has settled with the Securities and Exchange Commission after it was charged with violating the Foreign Corrupt Practices Act for a second time, the SEC … WebOct 4, 2024 · October 04, 2024 On September 27, the SEC announced that the technology firm Oracle had agreed to pay $23 million to settle allegations that it violated the Foreign Corrupt Practices Act by using off-the-books slush funds to bribe foreign government officials to obtain business. how do you thicken buttercream