SEC Charges Oracle Corporation with FCPA Violations Related to Secret Side Funds in India August 16, 2012, (Litigation Release No. 22450) According to the complaint (opens to PDF), the Indian subsidiary of Oracle Corporation, Oracle India Private Limited, "structured transactions with India's government...in a way that enabled Oracle India's distributors to hold approximately $2.2 million of the proceeds in unauthorized side funds." Oracle India's alleged misconduct occurred from 2005 to 2007,...
SEC Charges Former Morgan Stanley Executive with FCPA Violations and Investment Adviser Fraud April 25, 2012, (Litigation Release No. 22346) Earlier this week, the SEC charged Garth R. Peterson (former managing director in Morgan Stanley's real estate investment and fund advisory business) with violating the Foreign Corrupt Practices Act (FCPA). The SEC alleges that "Peterson secretly arranged to have at least $1.8 million paid to himself and the Chinese official that he disguised as finder's...
