Oracle under investigation for bribery in Africa

US authorities looking into possible breach of anti-bribery laws

Tags: Oracle Corporation
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Oracle under investigation for bribery in Africa Oracle is under investigation by the SEC and the US Department of Justice.
By  Mark Sutton Published  September 1, 2011

Oracle is under investigation by US authorities over possible bribery cases in Africa.

The Wall Street Journal reports that the US Justice Department and the Securities and Exchange Commission (SEC) are investigating the software giant over violations of Federal anti-bribery laws.

The investigation concerns whether Oracle employees or its agents made improper payments in order to close deals in several unnamed countries in western and central Africa.

The investigation has been underway for over a year, according to WSJ, which also says that HP is under investigation for similar infringements in Russia, while IBM recently paid $10m to the SEC as a settlement over bribery in Asia.

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