The Securities and Exchange Commission alleged Oracle used a slush fund to bribe officials in Turkey, the United Arab Emirates and India to win business opportunities between 2016 and 2019. This is the second time the company has had to pay to settle accusations of bribery.
As part of the settlement, Oracle does not admit fault or deny the allegations; the company agrees to cease and desist from violating anti-bribery laws, according to the report.
The U.S. Foreign Corrupt Practices Act outlaws American persons and entities from bribing foreign officials.
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