Sun Microsystems May Have Violated Bribery Law

Afforess writes "In a new file submitted to the Securities and Exchange Commission, Sun Microsystems admitted that 'we have identified potential violations of the Foreign Corrupt Practices Act, the resolution of which could possibly have a material effect on our business.' The Foreign Corrupt Practices Act makes it 'unlawful to make a payment to a foreign official for the purpose of obtaining or retaining business for or with, or directing business to, any person.' Yet, Sun would not release further details, only that it 'took remedial action.' Oracle, the new owner of Sun Microsystems, also said that they had prior knowledge of the infraction, yet also refused to release any details."

Comments

Oblig. 'Nelson': Hah! Hah! aimed at /.

[rts008]

This is news?
Stuff that matters?

How and how? Why and Why?

This is just business as usual in Corporate America, and has been for decades.
Glad you finally showed up at the party.
Have a cocktail and a hooker...it's all tax deductible...a business expense!