Oracle Software is to pay $US2 million to settle federal civil charges in the United States of failing to prevent secret payments in its sales operation in India.
The Securities & Exchange Commission says Oracle had violated the Foreign Corrupt Practices Act.
The SEC says Oracle allowed its Indian subsidiary to secretly set aside money for unauthorised payments to phony local vendors.
The SEC says Oracle ran the risk of the secret funds being used for bribes. The violations occurred between 2005 - 2007.
The SEC says the subsidiary sold software licenses and services to the Indian government and kept some of the proceeds off Oracle's books.
