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Oracle Romania CEO under investigation for bribery - anti-graft body

Oracle Romania CEO under investigation for bribery - anti-graft body Sorin Mindrutescu, Oracle Romania CEO

BUCHAREST (Romania), August 8 (SeeNews) - Romania's anti-corruption body DNA said on Thursday it has launched a criminal investigation against the CEO of the local subsidiary of US-based multinational computer technology company Oracle, Sorin Mindrutescu, for bribery charges.

Mindrutescu is investigated for receiving 869,413 euro ($972,181) in bribes from representatives of IT companies which were Oracle Romania's accredited partners in order to provide them with advantageous price offers so that the respective companies could take part in certain public procurement tenders, DNA said in a press release.

According to DNA, Mindrutescu reportedly took bribes eight times between September 2009 and November 2013.

"Oracle is not part of this file. We believe that it is - from the data that has been made available - a regrettable misunderstanding and, together with the lawyers, we will try to bring the necessary evidence to try to resolve this regrettable misunderstanding," Mindrutescu said after questioning at DNA late on Wednesday. His statement was broadcast by local TV channel Digi24.

DNA is asking Mindrutescu a 500,000 euro bail.

Oracle, present in Romania since 1995, currently employs over 4,000 in the country. Sorin Mindrutescu has been Oracle Romania country leader since 2003.

($=0.8943 euro)