Oracle India MD Sandeep Mathur quits due to bribery issue?

Oracle India looks to be in the middle of yet another bribery issue, and multiple sources told TOI that Sandeep Mathur's sudden exit as managing director of the company is linked to this.

Mathur quit soon after returning from an Oracle conference in San Francisco earlier this month. Shailender Kumar, group VP-key accounts for Oracle India, has taken over as interim MD.

This is the second such episode for Oracle in India. Two years ago, the US Securities and Exchange Commission (SEC) 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.

The latest concerns have allegedly been triggered by compliance issues arising from a database contract that Oracle had won from the Andhra Pradesh police department a few years back. TOI has learnt that the 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. Sources said that action may be taken against several Oracle India officials.
TOI sent a mail to Oracle detailing the charges being made, but the company said it would not comment on the matter.
Mathur was responsible for multiple lines of business: technology, applications, systems and Fusion Middleware as well as driving growth across public sector and key accounts. Prior to his role as MD, he was VP-technology at Oracle India. Mathur joined Oracle in 2003 as director of Oracle Direct, North America sales.

15-Oct-2014 07:40:01