Oracle India MD Sandeep Mathur quits due to bribery issue?

Oracle India Managing Director Sandeep Mathur has resigned following a major bribery issue involving an IT deal with the Andhra Pradesh police department.

Oracle is expected to sack more senior officials shortly.

A Times of India report today said Sandeep Mathur’s sudden exit as managing director of the IT company is linked to the bribery issue.

Mathur has resigned soon after returning from an Oracle conference in San Francisco earlier this month.

Shailender Kumar, group VP-key accounts for Oracle India, is the interim MD.

Oracle India Managing Director Sandeep MathurThe resignation of Oracle MD has allegedly been triggered by major compliance issues arising from a database contract that Oracle had won from the Andhra Pradesh police department a few years back.

The bribery issue came to light when an anonymous whistleblower wrote an email to Oracle alleging that one of its channel partners violated its contract norms to win the contract. Action may be taken against several Oracle India officials, the report said.

Oracle India in a statement said: “Sandeep Mathur has resigned from Oracle. Any publication’s plan to write an article asserting that Sandeep Mathur resigned from Oracle India due to bribery charges is defamatory and untrue and in all respects, Oracle India maintains the highest standards and practices to enforce compliance with all laws and our company’s strict compliance policies.”

The report said this is the second such episode for Oracle in India.

Two years ago, the US Securities and Exchange Commission had filed a complaint against Oracle alleging that the company’s Indian subsidiary had possibly indulged in bribery or embezzlement. Oracle agreed to pay a $2 million penalty to settle the SEC’s charges.

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