Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Shruti J. Shah
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
So far this year, two FCPA enforcement actions have involved companies that resolved previous FCPA violations. With Tenaris in June, and Oracle this week, the number of FCPA recidivists rises to 15.… Continue Reading
American technology giant Oracle Corporation agreed Tuesday to pay the SEC $22.9 million to resolve charges that it violated the Foreign Corrupt Practices Act in Turkey, India, and the United Arab Emirates through subsidiaries that created and used slush funds to bribe foreign officials in return for business.… Continue Reading
Cognizant Technology Solutions Corporation said in an SEC filing Friday it is conducting an internal investigation whether certain payments relating to facilities in India were made improperly and in possible violation of the FCPA and other applicable laws.… Continue Reading
Many of us scratched our head in 2010 when the Oracle FCPA enforcement action came out. We didn’t understand how a company could be prosecuted, even civilly by the SEC for internal controls or book and records violations, without evidence that bribes had been paid.… Continue Reading
Oracle Corporation said Thursday that Sandeep Mathur, managing director of the company’s Indian subsidiary, Oracle India Pvt. Ltd., has quit. But Oracle denied his leaving was linked to recent allegations in the India press of bribery.… Continue Reading
Since August 2012, there has been a lot of discussion in anti-corruption circles about Oracle’s settlement with the SEC, including here. Much of the past discussion has focused on the fact that the SEC charged Oracle with books & records and internal controls FCPA violations without an attendant allegation of bribery.… Continue Reading
Twelve companies settled FCPA enforcement actions in 2012 by paying a total of $259.4 million.… Continue Reading
During the quarter just ended, there were five corporate FCPA enforcement actions, one enforcement against an individual by the SEC, four criminal sentencings of individuals, and three and a half corporate declinations.… Continue Reading
Forbes magazine today released its latest ranking of America’s richest people.
Larry Ellison ranked third on Forbes’ list with $41 billion. Last month, his company Oracle paid $2 million to settle civil FCPA charges.… Continue Reading
Oracle Corporation on Thursday agreed to pay a $2 million civil penalty to the SEC to settle FCPA charges arising from a slush fund in India used to pay bribes.
The SEC said California-based Oracle ‘failed to prevent a subsidiary from secretly setting aside money off the company’s books that was eventually used to make unauthorized payments to phony vendors in India.’… Continue Reading
“In case you haven’t been keeping score, the FCPA has quickly become one of prosecutors’ favorite tools. The Justice Department brought 24 enforcement actions in 2010, up from five in 2004.… Continue Reading
According to a report Wednesday in the Wall Street Journal, Oracle has been the subject of a criminal bribery investigation centered on selling practices in Africa. FBI agents and DOJ prosecutors, the report said, have been looking into the allegations for more than a year.… Continue Reading
