August 31, 2011
By Dominic Rushe
US financial watchdog the securities and exchange commission (SEC) is also looking at possible civil violations. The allegations are understood to centre on software sales to government agencies in western and central Africa. Law enforcement agencies are investigating whether Oracle or people working for the company made payments to government officials to secure contracts. Oracle did not return calls for comment.
Such payments would violate the foreign corrupt practices act (FCPA), which makes it a crime for US companies and their employees to offer or pay bribes to foreign government officials or employees of state-owned companies…Read more.
- Oracle under bribery investigation: WSJ (marketwatch.com)
- Tech Today: Oracle’s Dealings in Africa Investigated (blogs.wsj.com)
- Wikileaks cable offers new insights into Oracle-Sun deal (infoworld.com)