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Oracle gets Fined By the SEC For Bribing Foreign Officials for the Second Time

According to recent reports, Oracle is required to pay approximately $ 23 million as a fine for bribing foreign officials. This was done by them the second time in the time frame between 2016-2019.

Michael egbert

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 .

United statesUnited arab emiratesNapa valleyLos angelesCharles cainMichael egbertExchange commissionOracle corpForeign corrupt practices actOracle indiaThe epoch times

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.

United statesUnited arab emiratesMichael egbertExchange commissionForeign corrupt practices act

SEC slaps Oracle with $23m fine for alleged bribery

The Securities and Exchange Commission (SEC) has announced settled charges requiring Oracle to pay $23 million, following the company’s violation of provisions in the Foreign Corrupt Practices Act (FCPA).

United statesUnited arab emiratesCharles cainMichael egbertDavid reeceSamantha martinLaura bennettCommodities authorityExchange board of indiaOracle indiaCapital markets boardEmirates securitiesExchange board

Oracle to pay $23m to settle foreign bribery charges

The schemes relied on Oracle resellers and distributors in India, Turkey and the United Arab Emirates

India ministryUnited statesNapa valleyRedwood shoresUnited arab emiratesLos angelesCharles cainMichael egbertIndia ministry of railwaysOracle corporate communications viceOracle ministry of interiorExchange commissionExchange board of indiaCommodities authorityTurkey social security instituteCorrupt practices act

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