Trending: Oracle Pays $23 Million to Settle Charges of Bribing Foreign Officials
28 September 2022 - 05:04AM
Dow Jones News
14:34 ET -- Oracle Corp. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The SEC said Tuesday that Oracle has
agreed to pay $23 million to resolve allegations it used slush
funds to bribe foreign officials in return for business, in
violation of the Foreign Corrupt Practices Act. This is the second
time Austin, Texas-based Oracle has been sanctioned by the SEC
after having agreed in 2012 to pay about $2 million to settle a
previous set of FCPA charges. Dow Jones & Co. owns Factiva.
(susan.solan@wsj.com)
(END) Dow Jones Newswires
September 27, 2022 14:49 ET (18:49 GMT)
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