September 27, 2022
Posted September 27, 2022
Oracle Corporation has been ordered to pay more than $23 million to resolve charges that its subsidiaries in Turkey, the UAE, and India violated the Foreign Corrupt 91porn Act. According to the SEC, between 2016 and 2019, the subsidiaries used slush funds to pay foreign officials and their families to attend international technology conferences in exchange for business. Oracle India was previously sanctioned for similar charges in 2012.
Tagged in: FCPA,