A third party application fails to connect to an Oracle database when ran in valgrind

Issue

A third party application that needs to connect to Oracle runs correctly when launched from the shell.

However, if it launched within valgrind, it cannot connect to Oracle:

14:35:44.... alarm.cxx.713: *=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=
19/07/2010 14:35:44 [8101]: dbcnx.pcxx.84: Cannot connect to database, TYPE=SINGLE, STATE: No script. SepName='prjl005-IZO_24-P0-20' (pid=8101, ri=1369). DUMP: connect error=ORA-12546: TNS:permission denied
                                      (sqlca.sqlcode=-12546)