Indian Railways might consider blacklisting Oracle Corp if an internal investigation into claims that the database software maker's Indian unit paid bribes to railway officials in 2019 is proved, reported Livemint citing two officials privy to the matter.
The US Securities and Exchange Commission (SEC), in a September 27 order, slapped Oracle with a fine of $23 million for breaking the Foreign Corrupt Practices Act. The terms of reference of the internal investigation by the railways are intended to determine facts supporting that decision.
Oracle Corp had allegedly bribed an employee of a transportation company majorly owned by the railway ministry. The railways will also investigate if such pay offs were also made earlier to secure contracts from state-owned enterprises.