Dirty Little Secrets

A failure in enforcing anti corrupt practices has been uncovered and settled with a 2 Million dollars fine.

In the period 2005-2007, Oracle India Private Ltd used secret cash cushions and fake invoices that made bribery possible.

We still urge the company to move towards a more citizen approach and publish detailled accounts in each of its operating subsidiaries.

How many discrete companies do we still operate in haven islands ?

Who's insuring we do not conduct unauthorized operations there ?

Update 1 - Whisleblowing failures (The Gardian May 14th)

Oracle sued for alleged fraud against US gov

Well, we had lots of concerns regarding the compliance and ethics code.
Seems we have our confirmation about the serious doubts of having real ethics or just just marketing sheets.

The complaint against Oracle was originally filed by an Oracle employee, who alleged that large discounts offered to other customers were hidden from government agencies.

Has there been any whisleblowing process ?
The inquiry will undoubtly give some informations.
Let's remind that a previous case was settled in 2006 over a 98 Millions USD deal, where the external whisleblower got 17 Millions USD through the false claim act...

And would'nt you want more clarity regarding haven islands Oracle operations ?
Wouldn't a false claim act be of interest - Contact Us.

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Read more : The register,

Pittsburgh G-20 Process Must Tackle Banking Secrecy, Illicit Financial Flows

Employee reps are constantly beeing refused access to informations regarding Oracle offshore operations.
We do support the "Global Financial Integrity" call to urge leaders to pursue measures to increase transparency in global finance and curtail illicit financial flows.
Why would there be such a secrecy, with autonomous computer networks not linked to the main Oracle Intranet, and impressive firewalls ?
Why would an honest company still need so many holdings in Haven Islands ?

We know for sure Oracle CAPAC is driving key operations to prevent country tax authorities to challenge zero or near zero withholing rates applied.
An other example, France Tax authorities are conducting a 6+ years revenue recognition review, challenging the operating cost transfer ratios used by the company.

It's time for an higher morale in Corporations !

Any information, idea on your side, other examples regarding those operations please contact us. We will guaranty your anonymity :

Oracle & Offshore - No comment

Local Management refused to give any explaination regarding Cayman operations of Oracle. Theses operations are controlled outside employee representatives legal perimeters.

What else needs to be said ?

Read More : Bloomberg