Editing Oracle Corporation (section)

=== Violations of the Foreign Corrupt Practices Act ===

==== Africa ====
In August 2011, ''The Wall Street Journal'' reported that Oracle was being investigated by the Federal Bureau of Investigation for paying bribes to government officials in order to win business in Africa, in contravention of the [[Foreign Corrupt Practices Act]] (FCPA).<ref>{{Cite news |last=Farrar |first=James |date=August 31, 2011 |title=Oracle under fire over ethics again: Feds investigating bribery for business in Africa |url=http://www.zdnet.com/blog/sustainability/oracle-under-fire-over-ethics-again-feds-investigating-bribery-for-business-in-africa/1596 |archive-url=https://web.archive.org/web/20110926144026/http://www.zdnet.com/blog/sustainability/oracle-under-fire-over-ethics-again-feds-investigating-bribery-for-business-in-africa/1596 |url-status=dead |archive-date=September 26, 2011 |access-date=June 15, 2013 |work=ZDNet}}</ref>

==== India ====
In 2012 Oracle agreed to pay about $2 million to the U.S. [[U.S. Securities and Exchange Commission|Securities and Exchange Commission]] (SEC). The SEC at the time alleged that the company's Indian subsidiary structured transactions with foreign governments in a way that enabled them to hold about $2.2 million of the proceeds inside funds that could be used for unauthorized purposes and therefore was a violation of the FCPA.<ref>{{Cite web |title=SEC.gov {{!}} SEC Charges Oracle Corporation With FCPA Violations Related to Secret Side Funds in India |url=https://www.sec.gov/news/press-release/2012-2012-158htm |access-date=2022-09-28 |website=www.sec.gov}}</ref>

==== India, Turkey, United Arab Emirates ====
In September 2022, Oracle settled with the U.S. [[U.S. Securities and Exchange Commission|Securities and Exchange Commission]] (SEC) without admitting or denying its findings, by agreeing to pay $23 million to settle the charges. The SEC announced that Oracle violated the FCPA between 2014 and 2019 when its subsidiaries in India, Turkey and the United Arab Emirates (UAE) created slush funds to bribe foreign officials in order to win business.<ref>{{cite news |last=Stempel |first=Jonathan |date=September 27, 2022 |title=Oracle to pay about $23 mln to resolve a second SEC bribery case |url=https://www.reuters.com/legal/official-oracle-pay-about-23-mln-resolve-second-sec-bribery-case-2022-09-27/ |work=[[Reuters]]}}</ref><ref>{{Cite web |last=Kunert |first=Paul |title=Oracle pays $23 million to the SEC to settle bribery charges |url=https://www.theregister.com/2022/09/27/oracle_fined_23_million_sec/ |access-date=2022-09-28 |website=www.theregister.com |language=en}}</ref>

==== South African National Treasury contract and corruption probe ====
In 2017, a whistleblower notified the [[U.S. Securities and Exchange Commission|SEC]] and [[United States Department of Justice|US Department of Justice]], alleging possible violations of the [[Foreign Corrupt Practices Act]] in awarding of a {{ZARConvert|1|b|lk=on|year=2015}} contract by [[National Treasury (South Africa)|National Treasury]] in 2015.<ref>{{Cite web |date=2019-03-11 |title=Oracle 'no comment' on IFMS corruption allegations - TechCentral |url=https://techcentral.co.za/oracle-no-comment-on-treasury-corruption-allegations/178481/ |access-date=2024-04-02 |language=en-US}}</ref>

In March 2024, South Africa's [[Special Investigating Unit]] found that there were conflicts of interest, irregular processes, and non-compliance with policies and legislation, and said it would petition to blacklist Oracle in South Africa, cancel the contract and recover the money paid.<ref>{{Cite web |date=2024-03-28 |title=SIU takes aim at Oracle in treasury corruption probe - TechCentral |url=https://techcentral.co.za/siu-takes-aim-oracle-treasury-corruption/242189/ |access-date=2024-04-02 |language=en-US}}</ref>