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India's silence in the wake of the US SEC fining Oracle for paying nearly half a million dollars in bribes to rail officials is a replay of the manner in which the Louis Berger bribery scandal in Goa and Assam involving top politicians has been buried.
Oracle's employees at its India unit used an excessive discount scheme linked to a transaction with a transportation company owned by the ministry of railways, US Securities and Exchange Commission (SEC) said.
According to recent reports, Oracle is required to pay approximately $ 23 million as a fine for bribing foreign officials. This was done by them the second time in the time frame between 2016-2019.
Oracle Corp. will pay about $23 million to resolve charges its units in Turkey, the United Arab Emirates ...
The Securities and Exchange Commission announced Tuesday that Oracle will pay millions to settle charges related to the Foreign Corrupt Practices Act.