US investigating Oracle over possible bribery

The report said that part of the investigation was focused on Oracle's sales to government agencies in African countries
US authorities have been investigating Oracle for at least a year to see if the business software titan violated anti-bribery laws in its overseas business, the Wall Street Journal reported.

US authorities have been investigating Oracle for at least a year to see if the business software titan violated anti-bribery laws in its overseas business, the Wall Street Journal reported Wednesday.

Citing unnamed sources, the Journal said the (FBI) and the Justice Department have been pressing a , as the looks into possible civil violations.

It cited one of the sources as saying that part of the wide-ranging investigation was focused on Oracle's sales to government agencies in Western and Central African countries.

A 1977 law makes it illegal for certain individuals or companies to make payments to foreign government officials in return for assistance in gaining or retaining business.


Explore further

Google near US settlement over ad practices

(c) 2011 AFP

Citation: US investigating Oracle over possible bribery (2011, August 31) retrieved 13 November 2019 from https://phys.org/news/2011-08-oracle-bribery.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments