Aug. 22, 2012
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In Distributor Margin Case with the “Potential for Bribery,” Oracle Corporation Settles FCPA Books and Records Charges with the SEC for $2 Million
- Joseph StoryAnti-Corruption Report
On August 16, 2012, the SEC announced that it had reached an agreement with California-based Oracle Corporation, the world’s third largest software company, relating to charges that Oracle failed to audit payments to vendors in India. No parallel DOJ settlement has been announced, and the government put forward no allegations of bribery.
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