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.