Tuesday, 27 September 2022

Oracle to Pay About $23 Million to Resolve Another SEC Bribery Case Involving India Unit

Oracle will pay about $23 million (nearly Rs. 190 crore) to resolve charges that its units in Turkey, the United Arab Emirates and India used slush funds to bribe foreign officials in order to win business, the US Securities and Exchange Commission said on Tuesday. The case covered alleged wrongdoing from 2014 to 2019.

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