The second multimillion-dollar fine for the American software giant was announced Tuesday by the Securities and Exchange Commission.
There is a logo on the facade of its regional headquarters.
According to the SEC, slush funds were used to pay off officials and their families for trips to technology conferences and to California.
About $8 million in wrongful profits will be returned by the company.
Michael Egbert, Oracle's vice president of corporate communications, said in an email to Forbes that the conduct outlined by the SEC is contrary to the company's core values.
The S&P 500 rose by 1.1% on Tuesday, while Oracle's shares fell by 1%.
The SEC finedOracle $2 million for setting aside unauthorized side funds. The critical need for effective internal accounting controls throughout the entirety of a company's operations was highlighted in a statement by the head of the SEC's Foreign Corrupt Practices Act enforcement unit.
Larry Ellison and Safra Catz each received more than $138 million in total compensation last fiscal year. According to Forbes, Catz and Ellison are billionaires. Ellison is one of the wealthiest people in the world.
The Wall Street Journal reported thatOracle paid $2 million to the SEC.
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