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Infosys ran 'unlawful' visa scheme, U.S. alleges in settlement
Infosys to pay $34M in settlement, but disputes all claimsOctober 30, 2013 02:43 PM ET
In a settlement announced today, the U.S. government alleges that offshore outsourcing giant Infosys violated visa laws to increase its profits, reduce visa expenses and avoid tax liabilities.
But the allegations, and the evidence the government says it has to back them up, will remain just that -- allegations. Instead of pursuing a court case, the U.S. will accept a $34 million settlement payment from Infosys.
That's how the government typically handles visa violation claims, but in this instance, the government said it is the largest settlement ever reached.
Infosys denies any wrongdoing in the agreement, which is signed by both parties.
This settlement figure represents a fraction of the $6.99 billion in 2012 revenue generated by the Bangalore, India-based IT service provider.
More: http://www.computerworld.com/s/article/9243672/Infosys_ran_unlawful_visa_scheme_U.S._alleges_in_settlement
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Infosys ran 'unlawful' visa scheme, U.S. alleges in settlement (Original Post)
OhioChick
Oct 2013
OP
msongs
(67,433 posts)1. no jail time? so the fine is just written off as a cost of doing illegal business nt
Myrina
(12,296 posts)2. Jail where? They're based in India ....
antigop
(12,778 posts)3. I am so sick of this. nt
Pterodactyl
(1,687 posts)4. Illegal immigrants workers taking American jobs? Yikes!