In a deal with the US authorities, Oracle will pay $23 million for bribery schemes that were allegedly carried out for nearly three years by foreign firm sales reps and partners. According to the U.S. Securities and Exchange Commission, this is the second time the Austin, Texas-based database services and cloud vendor has been discovered creating slush funds abroad. The fresh accusations relate to fraud operations carried out by Oracle's affiliates in India, the United Arab Emirates, and Turkey. The SEC's findings, which relate to conduct taken between 2016 and 2019, were not acknowledged by Oracle. However, the SEC reports that Oracle did take action to stop such schemes from happening again. In addition to a $15 million fine, Oracle will disgorge $8 million in earnings earned through illegal activity. Oracle's cooperation with the inquiry, in
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